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To: ahhaha who wrote (43864)	10/26/1999 9:51:00 AM
From: Hawkmoon	Respond to of 116762

ahhaha... I very know that we aren't seeing souplines in Japan... But part of the problem is that the Japanese people have been sheltered from the economic turmoil because they haven't been laid off. They are still making their wages on the backs of their corporate employers, who have had to go deeper into debt to sustain their operations. And when these workers are laid off, they will become the burden of the state and require tax monies to support until new jobs are available. Check back with your friends over there, after the rest of Japan, Inc. follows Nissan's ruthless path. There was an interesting article the other day in the FT on how little complaining is coming out of corporate Japan regarding Nissan's laying off 21,000 workers. The reason cited is that they realize they will have to much the same thing before they are properly restructured. When did the greatest bull market in stocks occur? 1932 to 1937 which was equivalent to twice the DOW move since the '94 correction. Yeah... not difficult to do when there is no where to go but up. Let's not forget that the Dow didn't finally retrace it pre-depression highs until 1954. The same will happen in Japan, where being 50% down off their all-time highs will require a 100% move in their index to retrace. Btw, the depression wasn't so bad either for those Americans who still possessed money. Prices plummeted and the purchasing power of their money increased correspondingly. Regards, Ron