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To: RetiredNow who wrote (54979)	9/6/2001 9:11:18 AM
From: kvkkc1	Respond to of 77400

mm, imo the last thing Japan needs is to take any advice from the IMF, a bunch of socialists who couldn't fix an ailing economy to save their lives. Japan's bad loans need to be fixed, but they will suffer massive hardships to do so. As far as our FED meddling. Yes, they did and one of the idiots, the guy from St. Louis Fed, stated yesterday that they never should target the market. These folks can't even lie convincingly. That might be somewhat believable if Greenspan hadn't made such an issue of "irrational exuberance" and now the wealth effect. We need new blood on the Fed Board. As usual, Government screwed up what they tried to fix. What else can Japan's equivalent of the Fed do with their interest rates already at or near zero? Not much imo, a lesson our Fed should learn.knc

To: RetiredNow who wrote (54979)	9/6/2001 9:50:03 AM
From: Victor Lazlo	Read Replies (1) \| Respond to of 77400

good post MM, although I disagree w/ last two sentences. <<Why do you think the IMF wants to audit Japan's banks? It's not because they think everything is hunky-dory, I can assure you. The US's problems are entirely different and are not of the same magnitude as those. >> yup, that sure is a rather odd development .. Japan's banks carry their bad loans and failed investments on the books for yrs and yrs without writing them down or off. And although I think things in the US are rather bleak now, I have always laughed at the comparisons people try to make between the US and Japan to predic the end of the world for the US. Victor