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To: Ilaine who wrote (1645)1/30/2000 1:15:00 AM
From: marginmike  Read Replies (1) | Respond to of 35685
 
1)what's your point? The money is being invested in the economy rather then getting 3% in postal account in Japan
2) AVG PE in Japan was 70 avg S&P is 28 here. I studied Japenese Business culture and wrote my Thesis on their economic system compared to ours.Heck, I wrote 120 pages and NO spelling errors!!!!

3) I am sorry you dont like my spelling, I am dyslexic. That doesnt change the validity of my points. I have posted to most here for years, and peolpe here except my way of poorly written posts. If you would like to debate any issue please bring it on, your personal attack proves the lack of conviction in your rebuttle. Why attack the issue when you can attack the person(typical slimebag Lawyer stuff)

Figures your a useless, blood sucking, ambulence chaser. What do they do for productivity? ZERO



To: Ilaine who wrote (1645)1/30/2000 1:29:00 AM
From: Whistler30  Read Replies (1) | Respond to of 35685
 
CobaltBlue;

Delve further into demographics and one can get a different perspective on Japan's market crash (from Boom Bust and Echo by David K. Foot):

1) In the 1970's and 1980's Japanese aged 40-60 who wanted to generate retirement income avoided the low return on bank interest and pushed money into the market - as a result the price of stocks outpaced earnings growth. I believe this is what is happening now in the USA. The reason why it happened in Japan at this time was demographic: fertility in North America declined in the 60's but it happened in the late 40's in Japan after Hiroshima and Nagasaki. One could argue a major precipitant of the Japanese crash was that retiring Japanese replaced their equity holdings for more conservative vehicles.

2) A major difference between real estate in North America in the 90's and Japan in the 70's is that real estate here (in most markets) is still affordable to the average income earner, unlike Japan in the 70's.

3) Demographically, North America is now pretty similar to Japan in the mid to late 70's - it is for this reason IMHO this bull market still has at least 5-7 years.

Regards

Whistler



To: Ilaine who wrote (1645)1/30/2000 10:10:00 AM
From: Jill  Read Replies (2) | Respond to of 35685
 
RE: IRAs and 401s: Americans can't spend that money, but we feel free to spend all the rest of our money because we feel safe with that nest egg. Plus with increased net worth, even if you can't spend it now, you can get more/better mortgages/loans etc. to purchase houses,c ars.