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To: CuriousGeorge who wrote (6200)1/17/1998 9:16:00 PM
From: PaulM  Read Replies (1) | Respond to of 116789
 
George, plenty of naivete about what's happening in Asia and always a misunderstanding of the problem. Despite the calls for "fiscal stimulation," the Japanese have already tried every imaginable alternative this decade.

The simple problem remains: once enough chips are called in, you can't get rid of so much bad debt without walking away from your currency or letting the dominoes fall.

I'll start thinking recovery only after I see the Nikkei well under 10000.



To: CuriousGeorge who wrote (6200)1/19/1998 9:03:00 AM
From: Dwight Taylor  Respond to of 116789
 
In the Spring of 1930 there was plenty of pessimism to go around, After all, the market was still dropping regularly. What you did have was the optimistic chattering of the industrialist, bankers, and politicians that had attempted to prop up sagging morale with optimistic rhetoric. If the economic indicators were researched it was very clear a severe recession was coming.


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