What makes me feel VERY uncomfortable - and anybody that read these communications the last 1/2 year, will remember me ranting on this subject -, is that
a) US is having the best of the times since the 60s
b) Nihon is in deep <blank>, "ramping up the presses", as I said half a year ago. The production since october 97 is cca 230 BDM, which is app 150 Billion US$.
Did they build a new space station? No
Did they create any new jobs? No
Have they sanitized their banking system? Well, they plan to
Have they pumped up the internal demand? Well, I dont think so, just temporary tax relief in the order of 28 BDM.
Have they defused the real-estate baloon? I would love that one...
Where the hell is all this cash?! Im just afraid it's fighting with our money to get the best deal on WS and elsewhere. Seems to me we have a super(duper?) inflation of stock prices, fuelled by MrYen.
Dont go away, well be right back.
I'm (just) provocative, but I think this ... Godzilla will not give a damn about our china.
DJ |
