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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (18666)	6/23/1998 10:50:00 PM
From: Cyrus	Read Replies (1) of 50167

Hi Iqbal "I have seen fascism rearing its ugly head from cradle of a economically failed state like Germany. I am not drawing any parallels here but I am watching with greatest interest the decisions to be taken by Japanese, will they finally ditch caution and go for those structural reforms which may cure this lingering problem of 79 trillion yen of bad debt." World economy circa. 1929, worlds second largest economy had previously endured 10 years of static/shrinking economy. I see what you are saying. Longer term the world economy should allow for lower US interest rates, taking some pressure off the dollar, this may in turn allow other western countries to lower their rates in return which will hopefully aid in growth. What do you think? Keep up the good work!! Darrell

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