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

To: Cogito Ergo Sum who wrote (6597)	8/3/2001 10:30:50 PM
From: Cogito Ergo Sum	Read Replies (2) \| Respond to of 74559

Everyone has seen this big surprise ? :o) cbs.marketwatch.com

To: Cogito Ergo Sum who wrote (6597)	8/4/2001 6:34:01 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

KC, <Japan is at a 16 year low. Think about that a minute. Every penny of profit has been wiped out for the past 16 years > True, if measured in Japanese yen. But measure the Nikkei in a real currency, such as the Kiwi dollar or even the US$ and you see a different picture. 16 years ago, the yen took about 250 to buy US$1. Now it's half that. The Nikkei has doubled from 16 years ago. In a deflationary place like Japan, that's not a bad performance. It means they can go shopping in the USA [or around the world in dollar denominated products, such as Aztec stuff] and have plenty of money to spend. The panic merchants are not measuring things terribly accurately. They forget that as with measuring black holes, the Big Bang and things like that using metres or light-years or seconds or years to define "size" or "how long it took", the measuring stick of money is a very stretchy implement. Something 1 metre long 16 years ago can still be 1 metre long now, but due to much ruler dilution over the intervening years, it's actually doubled in length. The Nikkei being 12,000 all those years ago isn't the same thing as the Nikkei at the same level today - because the measuring stick is not the same implement it was. Mq