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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (17656)	3/12/1998 11:22:00 PM
From: Gottfried	Read Replies (2) \| Respond to of 70976

Big Bucks, your reply is less than substantial: >I wonder why a Japanese economic delegation is going to Indonesia? Sight seeing? Vacation? Hmmmmmmmmm? Makes one wonder.< Are we to cower in fear because a delegation goes to Indonesia? Are we so chicken-hearted that every foreign disturbance spells doom to us? Is this the strongest nation in the world, economically and militarily, or a third rate country that exists at the mercy of others? The way world events tend to be portrayed here by some, we (the US) are totally at the mercy of external events with no power to influence them. This is just the opposite of how foreigners see US. GM

To: Big Bucks who wrote (17656)	3/13/1998 12:32:00 AM
From: Clarksterh	Read Replies (1) \| Respond to of 70976

BB - Don't underestimate the potential economic impact to US markets if several more major Japanese financial/banking institutions go belly up due to insolvent loans to other Asian/Pac-Rim countries. A few more banks going defunct in Japan, while not good news, is not necessarily particularly bad. As I said in my previous post, we (the US) are only in trouble if Japan goes into depression, and that is going to be very, very hard to predict. Part of the problems with prediction is that it is psychological. How many banks will have to crash before Joe Investor decides to sell his stock as well? So far the Japanese have shown much more calm than Americans would. Clark