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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: PaulM who wrote (14533)	7/16/1998 12:25:00 PM
From: butkus	Read Replies (2) of 116770

Japan views China as the benchmark. Consider China's Legend Computer Co. By 1991 Legend had received gov. permission to make computers. Legend's profits multiplied and the co. mushroomed from 2500 to 4500 employees. Extrapolate this scenario into other market sectors and suddenly almost overnight you have a 900 pound gorilla knocking at the door of your market segment. Japan unlike the US realizes it cannot build a sustainable economy on their service sectors. Above all it must hunker down and learn to emotionally compete with China. In the mean time if the US worker expectations (and debt) drift into a condition that leads to unfulfilled expectations he will be all that much easier to compete with. Japan should condition its people to work cheap and efficient. They must learn to live inexpensively while saving and investing any excess. Bank failures and the accompanying stress works to humble the culture and prepare them to compete with China. The US will wrestle against the inevitable need to do so. What happens when Japan, So. Korea and China are all hunkered down together and we are still pumping air into our bubble?

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