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To: Ian@SI who wrote (3742)12/11/1997 9:21:00 PM
From: Jack Kunkle  Read Replies (3) | Respond to of 10921
 
For years the Japanese have been trying to stimulate growth in their economy. They have been printing money for a long time. In fact about a year ago interest rates at the banks were negative (a very rare event). The population just continued to save and buy American Treasuries.

Regards,

Jack Kunkle



To: Ian@SI who wrote (3742)12/11/1997 9:22:00 PM
From: LLCF  Respond to of 10921
 
I'm agreeing with Milty...my point is that the Yen will continue to plummet (which Milton would also agree with) making U.S. goods expensive and cause a major slowdown in the up till now competitive U.S. jugernaut. Causing obvious earnings problems (to say the least) for U.S. companies.

No doubt the Japanese Central bank is doing the right thing if we're worried about the "D" word... their actions are a window into how serious THEY think things have gotten. I believe the U.S. market may be in for a real shocker.

DAK