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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Rich Young who wrote (19238)	12/24/1997 11:48:00 AM
From: dwight vickers	Respond to of 42771

Rich, Japan doesn't really need foreign investment. They have massive domestic savings. Money supply increasing could actually lead to a need for higher interest rates to defend the yen. In my estimation higher interest rates wouldn't be all bad since it would lead to higher rates for savers. More liquidity. Liquidity is the key. But it's only a partial solution if they don't stimulate the demand side with lower taxes. At least more than what they've done so far. At the very least they need to roll back the sales tax increase they instituted from 3% to 5% last spring. That's what what I mean about a shortage of common sense among politicians. Their economy is bordering on another recession after years of doldrums. Their financial institutions are bordering on collapse. And the most dramatic step they take all year is a 67% increase in the national sales tax. 4 times the damage (and permanent) of the one time tax decrease they just announced. The economy contracted at an over 10% annual rate the following quarter. What idiots. Dwight