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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (289075)	5/27/2006 1:45:06 PM
From: tejek	Respond to of 1574091

"Why does that lead to a lowering of the country's growth rate?" Remember what happened to Japan in the early 1990's? They never had that level of bad loans and their economy imploded because of them. Yeah, but Japan's economic woes were more complicated than that. The Japanese are extraordinarily conservative economically [and otherwise]. They are not comfortable taking risk.........as evidenced by their huge savings rate. When things got bad, the country, in effect, lost its heart for business. The Chinese are not like that at all for a number of reasons.........and they are an emerging nation where they still have many wants and needs. Having said that, the amount of bad Chinese loans is a worrisome issue. At a minimum, it could well slow its growth which has been the basis for much of the recovery of the US stock markets the past three years. God knows, American growth is just one level above anemic. So I will have to rethink my portfolio.