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Politics : Formerly About Applied Materials
AMAT 335.70+0.9%1:44 PM EST

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To: derek cao who wrote (23671)8/31/1998 4:42:00 PM
From: Katherine Derbyshire  Read Replies (1) of 70976
 
>> Re: At least in Japan, a large chunk of personal savings is in the postal savings
system, which I think buys Japanese government bonds.

Where do you think the Japanese government bonds used on?<<

Financing the huge Japanese budget deficit, for starters.

>>Re: Another large chunk is in the US markets, especially Treasuries.

Who do you think continue to finance the US trade deficit? Do you think this can
continue forever?<<

The US deficits are irrelevant. My point was that the Japanese savings aren't building the Japanese infrastructure. Which, if they're in US Treasuries, they are not.

>>Re: If our prosperity depends on the Japanese consumer's lust for overpriced
American goods, we are in deep trouble.

Unfortunately, we are in global economy. As long as you have trade, everyone is
connected somehow.<<

You clearly are incapable of detecting sarcasm. I was agreeing with you.

>> Katherine, your response is very disappointing. Looking forward better ones.<<

I don't answer to you. Get over it.

Katherine
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