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

To: Mike M2 who wrote (81819)	6/21/2000 10:44:00 AM
From: Les H	Respond to of 132070

US URGES JAPAN TO CONTINUE FISCAL CRACK SUPPLY bondsonline.com The above probably includes the continuation of the zero interest-rate policy. The US prodded Japan to do the same in 1989 to prop the dollar.

To: Mike M2 who wrote (81819)	6/21/2000 11:34:00 AM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Mike, My guess was that foreigners would eventually keep us in check and stop funding our excesses. So far they haven't. "Why" is an interesting question. The foreign press seems much more aware of the "buuble" than the US press and has been for several years. You have to sort of wonder whether foreign financial institutions are under pressure by their governments to continue to do so. Foreign countries are also sort of locked into the situation. When the US blows so does everyone's biggest market. Wayne