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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (2235)	3/4/2001 7:04:20 PM
From: dan36	Read Replies (1) \| Respond to of 74559

Jay,I'm a long-time lurker here and thought you may appreciate the humor of this ad. Given the reality of our economic environment, this is quite misguided... changewave.com ".....After the battering the Nasdaq took in 2000 -- including the fiber optic sector -- many of you are wary of anything that even resembles a risky tech stock. And given Nasdaq's recent volatility, you're right to be suspicious. Just a few short months ago, any stock with a P/E above 100 was treated like nuclear waste - it was dumped first and examined later. But with Alan Greenspan and the Fed are back on our side in 2001, it's a whole new ball game."... The sad thing is that this was just spam in my weekend mail so it can't be too dated. I wonder if this guy's looked at the market since 2000. :-)....

To: TobagoJack who wrote (2235)	3/4/2001 7:20:41 PM
From: westpacific	Read Replies (1) \| Respond to of 74559

Japan vs. the US - they are killing us longer term! Japan's very different economy should be judged by Japanese objectives, not Western ones. And here is a crucial point: whereas the American economy, faithful to the dictates of laissez-faire economics, is generally run to boost the short-term welfare of the American consumer, the Japanese economy is run to boost Japan's long-term ability to project economic power abroad. Measured by this latter criterion, the 1990s have been years of spectacular progress for the Japanese economy. Remember that every dollar of current account surplus a nation receives adds an extra dollar to its foreign assets. Japan in the 1990s has been growing its net foreign assets faster than any nation since the US in the golden years of expansionism in the 1950s. The result, entirely overlooked by the Western press, is that Japan more than tripled its net overseas assets in just the first seven years of the 1990s. Furthermore - look at this fact. Japan Financial Assets per households on a graph from 09/00. Currency and deposits - 54.2% - US 10.1% Shares and equities - 7.4% - US 34.9% In addition Germany, Switzerland and China - will continue to benefit from America exporting key manufacturing technolgies. The reason, all American corporations care about is short term profits. Over time the trade gaps will widen and America will weaken. This whole globalization experiment will make a small sector very wealthy and leave most Americans behind. It is the tight labor laws, government restrictions with technology transfer and a few other areas that make these countries leaders. Japan, Germans, Swiss are savers - Americans are spenders - well you get the picture. See you at the bottom. West

To: TobagoJack who wrote (2235)	3/4/2001 9:43:32 PM
From: WTSherman	Read Replies (1) \| Respond to of 74559

Jay, as you say many Japanese senior managers are "very quick on the uptake", so it is a bit hard to explain why they have struggled so to deal with their situation. But, my impression is that the influence of Japanese culture and behaviors on Japanese people is so strong that it overpowers logic when it conflicts with it. If you are familiar with the concept of "cognitive dissonance" and with Japanese managers you probably know that it occurs very often in Japanese company's. They simply don't give credence to evidence that conflicts with their previously formed plans. As evidence of this I would again point to WWII, the Japanese were no dumber then than they are now, yet, they CHOSE to start a war with the U.S. A war they could not possibly win. It makes no sense, people like Yamamoto knew they could not win it, yet, they went ahead anyway. Culture is everything in terms of understanding people's variations in behavior.