The Japanese just converted their money into US debt as it, (T-Bills) paid six times better interest than their banks. This hurt their production rate and balance of payments.
Cheap money is a double edged sword, as there is no place to park money that keeps up to inflation. As money gets cheaper its rate of return in banks falls to meet inflation rates it creates. The rate of return of investments created with the cheap money, in turn is overtaken by the inflation they create.
-- -- -
Tempation's page flies out the door, Suicide words are torn from the fool's gold mouthpiece, plays wasted words, proves to warn that he not being born is busy dying.
It's easy to see without lookin' too far that not much is really sacred.
Though the rules of the road have been lodged, its only people's games that you've got to dodge.
You lose yourself you reappear, you suddenly find out you have nothing to fear.
Though the masters make the rules for the wise men and the fools, I have nothing ma, to live up to.
When one sings with his tongue on fire, gargles in the rat race choir, bent out of shape from society's pliers, cares not to come up any higher, but get you down into the hole that he's in.
EC<:-} |
