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To: Lizzie Tudor who wrote (4753)	8/27/2002 11:51:29 PM
From: MulhollandDrive	Respond to of 306849

>>Japan was different, their productivity declined while US productivity went up, and we are still outproducing the asian tigers. I remember in the 80s I wouldn't even think of buying anything electronic from a US manufacturer. Now we've gone full circle on the productivity front. If the US stops being able to produce quality goods and services again which are best in class (which was the case in the 70s/80s) then the Japan scenario could play out here but otherwise... I say no way.<< i don't believe the dreaded "L" recovery has anything to do with productivity...or lack thereof.. it has to do with aging japanese holding on, tight fisted to the yen....after watching their nikkei clown bux go poof.... they are saving as a means of "recouping" losses.... don't think it can't happen here.