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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 148.83+3.9%3:59 PM EST

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To: Jess Beltz who wrote (5980)6/22/1998 8:11:00 PM
From: JMD  Read Replies (1) of 10921
 
Jess, I have been reading your posts with great interest for some months now. They are most informative, and I, sadly, agree with your description of the utter paralysis in the Japanese political machinery. You may also well be entirely correct in predicting that that paralysis could lead to the world's #2 economy slipping under the waves, with god knows what unpleasant consequences for the rest of the planet.
That said, do you think that Japan may survive simply because the rest of the G7 members will decide that it is too big to fail? I realize that the other members cannot dictate terms to a sovereign nation who must remain responsible for actual implementation of what will be radical political reform. But what if Rubin and friends practiced a little private debt repudiation as in: you no sell your government bond holdings unless . . . .Or, substitute your own form of arm twisting.
Frankly, it seems to me that the Japanese people may be very close to smelling the coffee and realizing that the system has just stopped working and that genuine, and much overdue, realignment may be a reality at last.
Apologies in advance for what are likely helplessly optimistic musings, and thank you again for your writings. Mike Doyle
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