Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (5520)	1/19/2004 9:02:03 PM
From: philv	Read Replies (1) \| Respond to of 110194

I think the Japanese government is spending the enormous savings on behalf of their citizens, who haven't caught on of course. The Japanese have a very high personal savings, perhaps the highest in the world, all the while their government is running a large deficit. Try as they may, the government could not get their people to borrow and spend, even at zero interest rates. So.....they are doing the spending on behalf of the people, by buying US treasuries, losing money in the effort, but achieving a devalued currency. The average Japanese is seeing his currency devalue thanks to their government. That's what's wrong, and that's what it costs.

To: t2 who wrote (5520)	1/19/2004 9:41:29 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

What you are missing is that although they are collecting 4% on their money vs 0% in japan, the us currency is worthless. Eventually 4% of nothing is nothing. I eggagerate but by how much? You tell me M