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To: GST who wrote (120775)	3/18/2001 8:24:36 PM
From: Victor Lazlo	Read Replies (2) \| Respond to of 164684

<< Do you realize that private Japanese individuals have 10 trillion dollars in cash equivalents? >> yup- they saved their way into a economic catastrophe. They wouldn't be where they are now if they went out and shopped a little more. The Japanese save so much for two reasons. 1. Whatever they could buy, there is nowhere to put it. They all live on top of each other, so how can you buy anything?? There is nowhere to put it! 2. They know the score, and they are scared. They know that the Japanese Govt keeps a 2nd set of books, and they all know that the Japanese banks keep a 2nd set of books, so they squirrel away their $$ for the inevitable crash, which appears imminent. It's a self-fullfiling prophecy. But in the US, this will never be the problem, becuase folks here cannot stop themseles from spending. Victor