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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?


To: borb who wrote (1995)8/1/1999 8:19:00 PM
From: Hawkmoon  Read Replies (1) | Respond to of 3902
 
borb,

The US debt may be high, but so is our productivity and economic growth. So just a worker who is making more can thus manage more debt, or constitutes a better credit risk, those making less or barely getting by are a greater risk.

In fact, we could actually grow faster, imo, since I think Lawrence Kudlow's conclusions about this technological paradigm shift we are currently enjoying permits it.

I was discussing this with another poster and he makes an interesting point. It could be that Wall Street is pumping up the Yen, in anticipation of shorting their bond and stock markets.

We should know sometime in August which way this will break.

I think the Japanese economy has more pain to endure before it can set the stage for a recovery. Pumping liquidity into their economy to the extremes necessary will put severe pressure on the yen and their securities markets as capital gets whipsawed back into the US denominated assets.

All of this talk of a Nikkei recovery reeks of a bull-trap.

Regards,

Ron