Joseph,
Pretty bearish views. I believe Jess is living in Hong Kong so he's a lot closer to the problems than we are. But, I still can't imagine Japan being in as much trouble as he thinks they are. Is it really lights out for Japan if the Nikkei goes below 14,000? Is Japan really on the edge of a cliff? I personally still don't think so(IMVHO). A lights out scenario can't happen unless there is a major "panic." It just does not seem like it's in the Japanese culture to panic. I can almost see(IMO)Prime Minister Hashimoto just saying,"Calm down. Don't sell your Japanese investments. Don't pull money out of the banks. It is bad for our country if you do." And unlike in Indonesia, I would think the Japanese citizens would listen. Maybe my views are naive, but they have been sucking wind for 8 years running and there was never an outpouring of disgust or panic all during this time. I can't imagine what it would be like in the US if the DJIA went from 9,000 down to around 4,000. Quite a difference in cultures, wouldn't you say?
Thanks,
MikeM(From Florida)
Here's the link for those interested:
Message 4795041 |
