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To: Yaacov who wrote (128779)3/2/2001 12:59:50 AM
From: Jim McMannis  Respond to of 186894
 
RE:"Japanese news don't look good. The tax cut of 0.10% backfired and Nikkei dropped to all times low. I believe they can't ease anymore, as there is no more room to ease, since their interest rates now is 0.15%!! "

The Japanese never cleaned up their Real Estate mess like we did with the RTC. To much honor I guess...so they have been in a recession for 10 years. I suppose they could pay people to borrow money.

Jim



To: Yaacov who wrote (128779)3/2/2001 1:16:40 AM
From: Paul Engel  Read Replies (2) | Respond to of 186894
 
Yaacov - Re: 'Japanese news don't look good. The tax cut of 0.10% backfired and Nikkei dropped to all times low. I believe they can't ease anymore, as there is no more room to ease, since their interest rates now is 0.15%!! "

Maybe the Japanese Banks should take on US and European clients - and let them spend those YEN - the Japanese clearly don't know what to do with that money.

I'm pleased to hear that Europe is doing so well.

Now - one of two things can happen - Europe can help PULL UP the US - or the US can PULL DOWN Europe.

I guess that's a 50-50 chance of improvement.

Paul