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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (2296)	6/16/1998 12:25:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 86076

Pete, I made no reference to tense but Japan was a bubble economy and is now suffering from the malinvestments made during the boom. There is only one outcome for asset inflation once it reaches bubble proportions -that is asset deflation. I see this as the most significant cause of Japan's woes and do not buy into the new era economists explanations. SEA made similar mistakes but will suffer even more. The finacial asset bubble in the U.S. will burst it is only a question of when. there will be too much tough love fer everyone. mike