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To: Joan Osland Graffius who wrote (10453)8/11/2000 1:47:08 PM
From: pater tenebrarum  Respond to of 436258
 
i see what you mean...well, i definitely think it's a big positive for Japan...and it will of course, given time, interrupt the flow of capital from Japan into the US bubble. i'd say the Japanese stock market is probably worth a look under the circumstances. the only question that remains open is what will happen if and when the bubble in US financial assets finally comes to an end...probably not good for the Japanese exporters. but for all i know the global party could well last for another year...a financial monstrosity in other words, with US stock market cap maybe reaching 210% of GDP. that would be a fibo ratio of the previous biggest bubble, the Japanese 1980's one.
since we're already producing one extreme after the other, why not go up another notch...the Fed sure is willing to provide the moolah to do it.