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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (57295)	8/14/2000 9:07:50 AM
From: Rarebird	Read Replies (2) \| Respond to of 116927

< Anatole Kennedy...would call it a blunder for Japan and a disaster for the World> There are those who fear higher rates will slow Japan's recovery from a decade-long downturn. But a true recovery that lasts and builds on itself has to come from Japanese corporations that restructure and streamline its operations and build stronger balance sheets. The Japanese government has got to start cutting taxes. These government sponsored public works programs are just quick fixes and not permanent solutions. Sure, the Japanese exporters, like Cannon, Honda, Sony, etc; stand to get hurt somewhat from a higher Yen. But Japan still has a way to go to sustain a true economic recovery. The move by the BOJ on Friday was just a decisive step in the right direction for Japan and the Gold Currency. The Euro will ultimately trade on the strength or weakness of the economies of its participating countries. The US is still the global economic leader by far. That's still good for the Dollar and not so good for a sustainable gold price above $300.