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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (4008)6/5/2001 4:32:37 PM
From: Raymond Duray  Read Replies (1) | Respond to of 33421
 
Monetization of Japan's Public Debt

Hi Hawkmoon,

You say: But a monetization of the Japan's debt will require a devaluation of their currency, and thus the value of Japanese savings.

What is the mechanism that you see for this monetization? Classic seiniorage or some new variant on devaluing the Yen?

TIA, Ray



To: Hawkmoon who wrote (4008)6/11/2001 10:05:10 AM
From: Terry Whitman  Read Replies (1) | Respond to of 33421
 
Thanks for the facts there, Hawk. I'll have to check out Harry Dent's thoughts on it. I wondered where my mentor got that from.

The immigration difference between US and Japan is definitely worth noting. Another difference- Japan is also resource poor. They have to import darn near everything consumable. We are in much better shape resource wise. The only big item we really HAVE to import is oil. And that's a whole different discussion. <g>

Regards,
TW