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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (21488)7/20/2002 9:57:31 PM
From: Maurice Winn  Read Replies (2) of 74559
 
Jay, Japan is a bit like me. Getting old and crusty. Done their life's work. Resting on the oars and looking for a good place to plonk their savings.

You are right that they need to move their production to China, but they can do that, like me, via shareholdings in USA companies or joint ventures with them. That way, they get USA military protection, and pay tax for that service via their companies like QUALCOMM. Then, they can happily rest easy and everyone else can worry that Japan's production and economy is sinking. That's happening to NZ too, but investors in QUALCOMM don't care. Japanese might not care too much either.

I suppose that as Japan ages and population dwindles, their economic output will gradually reduce to a fraction of the peak. But that's not a worry if their investments cover their needs. I would NOT like my output to go back to my old level of energy. Counting the returns is strenuous enough for me.

Mqurice

PS: Going out now, so will have to skip the weekend barbecue you had planned for me. The midweek pot-roast will have to do.
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