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To: PAUL ROBERTSON who wrote (66152)	3/19/2001 11:18:12 AM
From: ahhaha	Read Replies (2) \| Respond to of 116756

Why must the dollar come down? A good monetary approach would tend to firm the yen against the dollar. I don't see how the US and Japan have related economic issues. Maybe they have inversely related issues since they have somewhat inverse economic structures. Why are we where Japan was 10 years ago? I can't find much similarity. Does Japan have the dire situation that most are trying to find?

To: PAUL ROBERTSON who wrote (66152)	3/19/2001 11:44:56 AM
From: Keith Monahan	Respond to of 116756

Lets see if the good old USofA needs any advice from Japan as the soup gets thicker. The US sure was full of advice when Japan was going through the soup. How the tables turn. Japan has been trying to save face for 10+ years; the U.S. does not have this concern. Despite it's problems, the US is the premier location in the world for entrepreneurs. The U.S. supports creativity, Japan does not. As a result, we will emerge from "the soup" much faster. In the meantime, we can all play with gold. The problem with gold? There is nothing creative about it.

To: PAUL ROBERTSON who wrote (66152)	3/20/2001 12:10:44 AM
From: Keith Monahan	Read Replies (1) \| Respond to of 116756

If you are worried about the U.S. economy, at least you can take comfort in the fact that you are not trying to run a business in Europe: forbes.com Europe's Real Problem Peter Brimelow, Forbes Magazine, 04.02.01 Europeans worry that the aging of their population means economic stagnation. But they really have a different problem: low work-force participation. Of men over age 16 only 74.4% of French and 79.9% of Germans are in the work force, compared with 84% of Americans. The divergence is particularly marked after age 55—exactly the European group projected to grow the fastest. Richard W. Judy, director of the Indianapolis-based Hudson Institute's Center for Workforce Development, cites several institutional factors contributing to Europe's sloth: generous unemployment insurance, a regulatory burden that discourages hiring, easier retirement rules and tax rates that reduce incentives. Further, says Judy, European work-force participation is overstated because of European retraining programs. The real figure may be as much as ten percentage points lower. The good news for Europeans, according to Judy: They have options—if they liberate their labor market. "Look at the dumb French," Judy says, "legislating a 35-hour workweek." The conceit was that shortened hours would force employers to add more workers—but if anything they seem to be substituting capital for labor.