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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Lucretius who wrote (43490)5/27/1999 10:31:00 AM
From: BGR  Read Replies (1) of 86076
 
Luc,

Japan started relentless printing only recently, I think. Give it a chance. Besides, the yen is not quite imploding at present. Japan's problem is one of increasing consumption and not one of lack of capital and I cannot see how raising rates may help the former. Finally, I absolutely fail to see how Japan is going to recover when capital markets worldwide get destroyed.

What about Europe?

-BGR.
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