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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 218.30+8.6%Jan 9 9:30 AM EST
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To: Ian@SI who wrote (4633)1/30/1998 1:53:00 PM
From: Aaron Cooperband  Read Replies (1) of 10921
 
Ian -

Re: "Alan Greenspan's testimony .... he believed that the Japanese are finally showing promising signs of resolving their banking system problems."

If the Japanese make any forward progress at all he has to say this to encourage them to keep on going.

The Japanese government won't regain my confidence until I see them stop making political compromises that save face and start making some seriously painful decisions. They must let go of the reins and let the economy go where it may. This means massive bankruptcies and social upheaval short-term, but a healthier western-style economy going forward.

Given the right infrastructure I'm confident the Japanese can excel. Just look at how far and how fast they've come since WWII. But their old economic model has failed them in the current environment. Without a drastic makeover they will continue to wallow.

Aaron
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