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Politics : War -- Ignore unavailable to you. Want to Upgrade?

To: GUSTAVE JAEGER who wrote (6859)	10/15/2001 5:47:07 AM
From: D. Long	Read Replies (1) \| Respond to of 23908

I'd like to think you're right, Gus. But you've got to know Asia still has not recovered from '97. Japan's economy is not just in the shitter, its downright on the edge of collapse. China kept out of the crapper by massive internal civil projects, not from the strength of its markets. Asia is, IMO, far weaker than Europe. If Japan crashes, we're looking at some serious world economic deep doo doo. Derek

To: GUSTAVE JAEGER who wrote (6859)	10/15/2001 10:47:57 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 23908

I believe that, somehow, the Trans-Pacific era has been kickstarted by the current terroristic havoc, that is, China and her Asian backyard will help the US get out of recession. I'm not sure about that. So long as the US economy is required to subsidize their's by permitting their trade surplus to continue with the US, I'm not expecting them to be of much assistance to pulling the global economy out of this slump until they are willing to create the conditions for their domestic consumption to occur. Japan and China are both in deflationary spirals which are being mitigated by the fact that they have been permitted to export to the US market far more than they import. Hawk