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

To: TobagoJack who wrote (5687)	7/6/2001 11:31:33 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<The bleak statistics flowing from Japan (and provided by ISI) include: May's 0.3% decline in employment, to its lowest level in 10 years; industrial production plunging at an estimated 14.1% annual rate in the second quarter> I wouldn't want to buy real estate in that environment, even at 1% interest rates. Japan's population seems sure to fall constantly for decades, so there won't be density demand for real estate. They have finished their demographic growth. Now it is like a giant retirement village, with overseas investments [making cellphones in China, cars in Europe, and selling stuff all around the world]. I'm my own little Japanese retirement village, functioning in the same way. My production has dropped off hugely since stopping working. That's what people do when they are getting older and richer. I think you are not worried because you think the bit of inflation so far is just a lull before the financial storm which isn't blowing through the markets at full strength yet. Across the USA and the world, you think people are in blissful [if somewhat chastened by the market crunches, layoffs etc] ignorance, unaware of the impending financial shambles. Mqurice

To: TobagoJack who wrote (5687)	7/6/2001 11:44:21 PM
From: Rolla Coasta	Read Replies (3) \| Respond to of 74559

Hi Jay, Why am I not worried? Why not not ? I don't know whether I'm right or not. But, I have a feeling that the China market could be the key whether we can bail out some industries out of recession. I'm sure lots of countries are still buying cheap Chinese goods. For now, Chinese people manufacture, make money, and demand foreign hi-tech products. And lots of Chinese businessmen have already had their businesses in the third world. They can use the manpower there to manufacture cheaper goods. Things could get cheaper and cheaper - drive up demand from the developed countries. I'm sure the Shanghai gangs know how to do that kinda business, since they know how to make money. I guess this chart should be interesting to see for years to come: finance.yahoo.com Q