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To: Zardoz who wrote (36465)	7/4/1999 8:43:00 AM
From: long-gone	Respond to of 116760

<<We have, what, 40% of the world in recession or depression still?>> I was wondering about this. I knew everything was not as rosy as we were being told. I really don't want everything to come apart. I think a strong economy is the best thing for good silver prices, and not bad for gold.

To: Zardoz who wrote (36465)	7/4/1999 11:08:00 AM
From: Hawkmoon	Respond to of 116760

As people may realize, I think Paul Krugman probably grasps the problems in Japan and Asia better than many other economists/policy-makers. If you look at two of the three great centers in the advanced world, Japan, first and foremost, and then also Europe, you start to wonder, what are they thinking? Look at Japan right now. It's an economy that's been shrinking for the past two years. Prices are falling. Wages are falling, which never happens. You say, "Well, they must be moving heaven and earth to get that economy moving again." The answer is, they aren't. They're spending a lot of money on public works, but they're not printing a lot of money. When the yen surged in value for complicated market reasons, which is a terrible thing for an economy that's on the verge of a deflationary spiral, the Japanese actually seem to be proud of it. So that's scary. That's making me wonder, is it really possible that here in the modern world, there are people who don't understand even that much and are prepared to take those kinds of risks with a big economy? If you look at Europe, where they talk about price stability and are sitting there again on the edge of deflation, you wonder, are they prepared to do what's necessary? It ain't over folks, IMO. Get us past Jan 1st, 2000 and I may start believing we're close to a bottom. Btw, I didn't find any particular portion of the PBS site that discussed gold in detail. Could you provide a more specific URL, please? Regards, Ron