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To: Paul Fiondella who wrote (22816)6/21/1998 2:23:00 PM
From: dwight vickers  Read Replies (2) | Respond to of 42771
 
(OFF TOPIC!)

I guess the reason Summers went to Japan was to try to squeeze any cooperation at all, out of them.

Anyone who thinks that governments are so much smarter today that accidents like the worldwide depression of the 1930's can't happen again, had better look around.

All the same mistakes will be made, cyclically. Only they will look different enough that no one will recognize them while the problems are becoming unsolvable.

What is your take on the money printing that the Japanese have been doing? 35% in the last year per Jim Rogers.

Classical monetarism would predict inflation down the road?

Obviously it's a major factor behind Yen weakness. Their year over year inflation numbers should begin to look bad for that reason alone.

Or will the crushing asset deflation keep it in check?

Dwight