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Politics : Ask Michael Burke

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To: Terry D who wrote (32356)	9/8/1998 10:49:00 AM
From: Mike M2	Read Replies (1) of 132070

Terry, read Barron's interview with Marc Faber 8/31/98 among other things he addresses the popular misconception that monetary ease is a magic tonic. BTW Marc Faber was one of the few people who foresaw the problems in SEA and even he is shocked by the magnitude of the breakdown there. Monetary ease has not helped Japan - a classic case of " pushing on a string." The US would like us to believe that the root cause is Japanese policy mistakes and if they listen to the US things would improve but that is nonsense. This weekend Barron's is excellent see Randy Forsyth p.55 also see Hickey/Fleckenstein interview and David Tice. Mike

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