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

To: Ilaine who wrote (3534)5/9/2001 9:59:52 PM
From: Tommaso  Read Replies (1) | Respond to of 74559
 
Hi,

You have really been doing your reading! Very solid, very impressive. (I am not kidding.)



To: Ilaine who wrote (3534)5/10/2001 11:25:12 AM
From: Mike M2  Read Replies (1) | Respond to of 74559
 
CB, Japan's situation is instructive since it cannot be blamed on the gold standard nor trade restrictions. I blame it on credit excesses leading to malinvestment. The US continues to buy the world's surplus goods on credit but this cannot continue indefinitely. We ( the US) are just beginning to pay the price for our own credit excesses. Mike


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