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Politics : American Presidential Politics and foreign affairs

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To: Peter Dierks who wrote (32863)	2/17/2009 1:04:17 PM
From: DuckTapeSunroof	Read Replies (1) of 71588

Re: "Japan's Downturn Is Bad News for the World... The U.S. can't count on Japanese savers" I would say that Mr. Auslin is --- at least right now --- is probably very WRONG about that. FOREX inflows are increasing into the US right now... the Dollar and US sovereign debt is rising in value... (and, FYI --- Japanese savers are sending more and more of their savings overseas now, with the US and China being the two biggest destinations. Yen denominated savings vehicles right now pay less then zero in real terms.... :-( That is, unless their national rate of inflation has completely drifted off into DEflation now. (In which case Yen denominated savings probably pay an ever-so-slight tricle of yield... but sub-1% still without doubt.) No, the global financial panic is still accelerating downwards... and the US is the single 'safe harbor' destination for all that scared foreign money. (With China --- having stimulated even more then the US per-capita, and still posting respectable growth rates, being the sole other destination for hot money.) With the Euroland banks possibly five times worse off than American banks are... the fear is palpable right now: Message 25419567 (And, IMHO, the US should take maximum advantage of this one slim, silver lining in this global cloud of doom and gloom --- we should shove our sovereign issues out the door just as fast as we can right now, taking advantage of a situation where 'everyone' 'must' buy dollars and Dollar debt.) Because... no situation lasts forever. But, right now: 'U.S. can't count on Japanese savers'??????? The guy is TRIPPIN'! The very last place that Japanese want to invest or save right now is Japan! :-)

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