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To: Perspective who wrote (65623)	2/7/2003 10:34:00 AM
From: skinowski	Read Replies (3) \| Respond to of 209892

I agree that it would be worth studying the Japanese Bear, but I think one must be aware of the likely big negative surprises we may have along the course – as compared to Japan. I also like the Japanese model. I thought for a long time that – when people were still looking down at the Japanese for not doing the right thing in order to abort their "silly old-fashioned" Bear – that we will be lucky if our Bear will turn out the same way. They have jobs, they are employed, their economy slowed but is functional, they have no crime, their societal structures are intact, they have no war. They have a survivable Bear. When the Nikkei was crashing, the rest of the world – including us – were still on the way up, able to support them. I am afraid that we may not be so lucky.