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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (375)	4/21/2003 11:16:40 PM
From: EL KABONG!!!	Respond to of 4914

KastelCo, As I wrote here last time, this is a beginning, not an end. If you see a Japanese bear, definitely don't feed it. Garth should keep up with the times. There are no more Japanese bears anymore. They've all mutated into ostriches... <g> KJC

To: Cogito Ergo Sum who wrote (375)	4/22/2003 10:51:29 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 4914

Garth is utterly delusional, here is a quote In addition, there were structural faults in Japanese society. Companies promised jobs for life, keeping on inefficient workers and getting by thanks to a cheap currency and government subsidies. The Tokyo government supported a Byzantine financial system and lacked the kind of central bank watchdog agency that we have solidly in place in North America. These and other reasons were central to the Japanese market hitting heights that were unsustainable. It set an entire society up for a fall to earth that has wiped out trillions of dollars of wealth. In short, there is almost nothing to link that experience to ours. In North American we have a solid financial system based on caution, conservatism and valuations that are set by the market, not speculators. Our central bankers have been vigilant - first fighting, and defeating, inflation and now with their eyes trained on the advance of deflation. We have a healthy separation between the banking system and the government, and more regulatory control of markets than ever before in history. I bolded all the absurdities central bank vigilance lost trillions in wealth conservative stock valuations without speculation CB defeating inflation separation of banking from govt market regulation they are too numerous, and too blatantly wrong to even comment on the author is between 160-180 degrees off on each cited area above I sure hope you Canadians arent as stupid as Americans this piece is not encouraging / jim