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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (76306)	2/21/2000 2:28:00 PM
From: Knighty Tin	Respond to of 132070

Wayne, The difference is, Japan saves, hugely, and America does not. If rates go up, that allows the savers to save less and spend more, which could be moderately inflationary. But the Japanese consumers are not into wholesale debt slavery the way we are, so its impact may not be so great. Given the much larger load of debt that the US carries, in addition to a trade deficit of epic proportions, the Yen should still strengthen vs. the dollar. Vs. the Euro might be a different story.