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To: stan_hughes who wrote (197042)10/11/2002 4:20:14 PM
From: Mike M2  Respond to of 436258
 
Stan, there are differences but IMO the most important common denominator is credit excesses and the inevitable malinvestments. Many like to blame the 30s on the gold standard or trade restrictions but obviously these are not factors in Japan's present situation. The excesses engendered during the bubble creates its own demise. mike