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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (45551)4/1/2002 9:17:21 PM
From: Smart_Money  Read Replies (1) | Respond to of 99280
 
That is one site worth paying for. The information is well laid out and seems to be straight forward. This comment show the difficulties they are facing. Deficit spending saddled Japan with 666 trillion yen in debt ($5 trillion), the largest sovereign debt in human history. The number increases to 814 trillion yen ($6.1 trillion) once off sheet bond sales to the "liberalized" pension and postal funds are included. Interest payments alone on that debt now consume 35 percent of total budgetary outlays, making stimulatory tax cuts an impossibility.



To: orkrious who wrote (45551)4/1/2002 9:40:05 PM
From: ajtj99  Respond to of 99280
 
I think George said in late Feb. that he liked Japan better than the US near term. I'm not sure he still feels the same right now after that short squeeze is done.


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