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Strategies & Market Trends : Asia Forum
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To: Henry Volquardsen who wrote (6974)10/6/1998 12:54:00 PM
From: Sam  Read Replies (2) of 9980
 
"In Japan they have to figure out ways to trick people into spending."
If I were a person above 60 years old in Japan today, with savings and more or less every material thing I needed, I wouldn't be spending today. I'd be looking over my shoulder at China and Korea to the west, at the upheavals in Malaysia and Indonesia to the south, at the gargantuan trade deficits of the US to the east, and at all of the corruption and insolvent banks in my own country, and I'd pray that the gods would spare me any more torture until they took me to their abode. I'd probably buy silver or gold coins, perhaps some US or European bonds (as many are doing, I think), and very nervously look around for whatever safe havens I could find. Going out to buy another unneeded gadget would be the last thing I'd do.
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