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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (174931)6/24/2002 5:41:37 PM
From: Les H  Read Replies (2) of 436258
 
"Outright debt monetization has started," Merrill Lynch & Co. senior economist Jesper Koll recently wrote in The Daily Yomiuri. S&P's Ogawa also thinks that the BOJ caved. With tax revenues falling and government debt now about 140% of gross domestic product--instead of between 40% and 60% as in most countries--strong-arming the central bank into funding the budget is the "last avenue to stabilize the government's debt trajectory," he figures.

businessweek.com

Ignore the man behind the curtain

sg.biz.yahoo.com
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