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Politics : Idea Of The Day
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To: Lee who wrote (20268)9/10/1998 10:31:00 AM
From: James Strauss  Read Replies (1) of 50167
 
Lee:

Thanks for the Rubin article... These snipits can give us a pretty good idea of the current U.S. game plan:

""Regarding the U.S. economy, Rubin said there were questions. ''There has to be a question of what is a sustainable rate of growth in this country,'' he said.

Rubin told Fortune magazine in an interview carried in its current edition: ''Japan is an importer of goods. Japanese banks are providers of credit. A stronger currency would take some of the pressure off in Asia.''

Asked what country worried him most, Rubin said the single most important thing was for Japan to get its economy back on track, not only for Asia, but for the world. ''Very importantly, confidence in Japan would radiate out into the rest of the world,'' he said.""

If we focus on those things that will pump up the YEN and soften the recessionary landing in the U.S. we'll have a blueprint for the next six months...

Jim
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