Pat, the economic comments on Japan vs the US, Asia and the World can take so many turns. While our banks were in disaray we wanted them to bail us out, remember the time frame when they bought Rockefeller Plaza and nearly everything else for sale? Many of our companies will find similar poor investments in Asia, local control and decision wisdom even caught the British with their tea leaves down in 1776! It works both ways... my comment for the 4th.
The Japanese have saved, as we are being encouraged (talk is cheap).., for retirement. They put their money in banks and stocks. Their stock market crashed, a lesson we'll learn also, while our markets took the see-saw high road... now we're sitting three feet off the ground full of wisdom and advice. We're telling them to spend their way out of recession and to grow their way into future prosperity. This, to some retired Japanese with bank locked savings, is much like telling our retired to buy roller skates and computers to uplift their good times at the old age home... and makes about as much sense. Their banking crisis is a lie born out of a social welfare conscience that stretches rules AND for those of less generous thinking.. some criminal activity as well.
I was just wondering when the movie A Starr is Born, will be remade?
Of course, we are and Asia is dependent on increasing commercial activity.. the game has to be played or there's no wealth created. Its for OUR good that by whatever technique, the currency systems come to parity and goods and services can flow both ways.
Have to go...
Jim |
