Dear Mike & all - sorry to jump in. Obviously, one cannot deny there are serious challenges to the global economies, in which all nations - to a greater and lesser extents - join to the hip. However, it is important to recognize individual problems as they present themselves. In a way, even you are tempted to invested in Korea, so it may be fair to assume that implicitly you and others recognize the differences. Having said that, indeed Japan carries a lot of weight, SE Asia in particular and world economy in general. So, the deep seated denial can only add to the pain. OTOH, different people have different time scales. Maybe Jess is right that SE Asia recovery is more a round bottom than a shape rebound. Also, he [and probably most causal observers like people in this thread] is right that the Japanese govt has been neligent. However, I'd argue that Japan problems are harder to fix [than, say, Indoesnia.] I could be wrong, but I don't think the end of the world is not nigh yet <VBG>. To that end, I subscribe to Secretary Rubin's POV, namely, while there may be steps for international communities to take to stabilize the situation, Japanese economy must be fixed by the Japanese.
Btw, you sez "Too many warnings got in the way..." I was kinda curious why so many posts of those [nothing wrong with that, just curious.]
Best, Bosco |
