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To: Alex who wrote (35367)	6/15/1999 6:34:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116912

thanks for posting that article Alex..I had read about the Japanese buying bonds to make certain rates don't rise but lost the article.. had also read some where that the Japanese were going to create a mammoth number of jobs.. what a fantastic world we are now living in.. governments can print as much as they want..and financial types don't care as long as they are making money shortterm and know they can pull more rugs when need be done the road and make more money that way :-) I gag when I hear greenspan say productivity is explained away by technology..if technology were so productive why do people work so many more hours than more and usually become meaner and greedier..to explain non wage inflation..the inflation that counts.. I heard the average worker works 50 hours a week.. gee there was something on tv about a woman who makes over 100 k a year and is raising small four children.. she spends two hours a nite with them.. 4 into 120 = 30 minutes.. what a sense of security these four little kids must have..I hope they don't take bathroom breaks during that precious parenting time..hope they can compartmentalize their problems of the day in that space of time..I can't remember if she said she works over 60 hours a week.. I would still love to see in print if the consumer spending is being driven by wages or retirement fund appreciation.. at this point I would love to know how many jobs have been added to the economy based on financial jobs..including day traders..how much of the economy jobwise is now based on greenspan's bubble.. At some point soon now as Asia gets closer to recover and the dollar might start to decline..if the US government comes back in and starts supporting start up industrial companies again since down the road we probably won't be able to take advantage of the destruction of the Asian currencies etc to buy hard products as cheaply and lump that in as technological productivity unless one wants to say trading systems are technology enhancements until they go wrong a la lcma and then become more government manipulations