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To: Maurice Winn who wrote (17241)	3/23/2002 5:17:19 PM
From: smolejv@gmx.net	Respond to of 74559

Hi Mq it 23:15 for a change here. >>When I say "saving" and forming capital, I don't mean just US$. What is essential is for Americans to save money, convert it to productive assets in India, China etc << which does mean saving aka not spending. Actually this is what (as you well know) ROW has been doing, feeding the US cookoo and its balance of payments. BUT, no need to overdo it - see Nihon. Moral: not very much is Black and white in this world. Regards dj