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To: jim black who wrote (4325)6/5/2001 8:00:23 PM
From: TobagoJack  Respond to of 74559
 
Hi Jim, <<no good and bad, simply IS)...but rather it is a cultural phenomenon that puts the Nipponese in their
current situation by their own way of dealing with the world, endemic to their way of looking at themselves and the world of finance as well as the rest of it, ie, just IS.>>

I agree, and an additional observation, that it is possibly not what we say IS that matters most; it may be much more important what the majority believes that ends up being more able to impart momentum to relations between nations. For what the Japanese did and say they did not do, a lot of momentum is being imparted to the credit side of the ledger, at least in Korea and China, even Australia and little Philippines.

The current generation of Japanese is helping to construct a financial and geopolitical system in which their kids must live in, and while the system is not as bad as the one in Isreal/Palestine, it is none the less not so promising.

Chugs, Jay



To: jim black who wrote (4325)6/6/2001 12:08:17 AM
From: LLCF  Read Replies (1) | Respond to of 74559
 
<, William Greider argues in his book, "One World Ready or Not," in a very compelling way that world economic woes will spring rather from the notion and indeed the model, the paradigm, to borrow an overused word, that the US is the consumer of LAST resort, and when we have borrowed ourselves and our businesses to that point we can simply borrow no more, then we have a depression. >

No data to support such a claim... so it can't happen! <VBG> Sounds interesting.

dAK