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Non-Tech : RECY Looking Good... A
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To: ed doell who wrote (5909)9/29/1998 12:18:00 PM
From: Bruce Tiemann  Read Replies (2) of 7006
 
I agree with Dan: Though what you say might have contributed to the current turmoil in Japan, I also think that the cronyism and "don't ask don't tell" policy about perhaps a trillion dollars in bad debts is a very serious factor. "All screwed up," he put it. With the exception of the recent, closed-door bailing out of hedge funds, the American economy is an open book, with no secrets to eat us up from the inside like worms.

So I'm not sure Japan is a such good example of what lower interest rates will do to an economy. Can you separate the effect of lower interest rates from crony capitalism when analyzing Japan?
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