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Pastimes : JESUS and FINANCIAL FREEDOM
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To: yard_man who wrote (1083)11/4/1998 2:14:00 PM
From: gregor  Read Replies (1) of 1283
 
Barry: I have asked myself how close are we to Japan's situation in 1989. Back then they had an incredible savings rate that threatened to undermine their economy. They had a real estate debacle with property prices falling from astronomical levels. They also had a lot of inefficiencies in the distribution channels, lifetime worker policies, a banking system that was crooked and corrupt, a banking system that was lending to the rest of SE Asia, and a banking system that tied reserves to the present value of stock portfolios.

On these major points there is not a critical level of similarity to the US, although there are definitely some similarities. If it is true that the Asian economies put us into the situation we are in now, then it would follow that they could conceivably pull us out. Time will tell my friend. I do not worry abou it. In the eyes of the world we are very pooor my friend but in Christ we are very rich indeed, When the Lord comes as quickly as a bolt of lightning out of the eastern sky; we are gladly leaving it all behind. Can you imagine the ado it will bring about when those that remain start fighting over what little we leave behind. In Christ.gregor

Nikkie chart.......http://www.comcen.com.au/~qindex/nikkei-monthly.html
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