Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 148.32

-3.3%

Nov 14 3:59 PM EST

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To: Jess Beltz who wrote (5985)	6/23/1998 2:36:00 AM
From: nigel bates	Read Replies (1) of 10921

>> Mike, RE:"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?" Yes, that is ultimately what I do believe.<< Isn't the problem chronic deflation as much as any danger to the banking system? It's difficult to get the japanese consumer to consume at the best of times - which this clearly isn't. GDP declined 5% in the last quarter. That is an absolutely awful number. Reform of the banking system has to happen eventually, but even if it happens immediately, I doubt it will pull Japan out of its deflationary spiral with any rapidity. Of course Japan will survive. It's more a question of how much the world economy will decline in the meantime. Nig ps Rubin's intervention was brilliantly timed, as no-one was expecting it, but this sort of action is subject to the law of diminishing returns, and I think we should see 160 soon. I still think dropping large bundles of currency over Tokyo might be as effective as any other action the US might take.

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