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

To: gregor_us who wrote (12527)4/23/2004 10:51:16 PM
From: glenn_a  Read Replies (1) | Respond to of 110194
 
Hi lambeth-palace.

One significant difference, however, is that during its deflationary period, Japan remained the world's largest creditor nation. The U.S., OTOH, is the world's largest debtor nation.

For a creditor nation, a policy response that maintained the value of existing debt obligations owning would seem appropriate. However, for a debtor nation, a rising currency increases real debt obligations, and would seem to be an extremely undesirable policy response.

Is this an over-simplified view of things? Or would you concur with the above perspective?

Regards,
Glenn



To: gregor_us who wrote (12527)4/24/2004 4:21:54 PM
From: NOW  Read Replies (1) | Respond to of 110194
 
you are forgetting: Japanese are huge savers. they had massive cushions to support theri fall. They had a blossoming US economy throughout ther demise. we have neither of those.


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