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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (1239)	6/24/1998 10:56:00 PM
From: ahhaha	Respond to of 1911

The only thing that is important is the growth in tomorrow's income. The more efficient you are, the higher the income. Loans are discussions about incomes of the past. Japan is the richest per capita large nation in the world. There isn't a lack of money there. There is a fear of using the money they have. The fear comes from the fact that Japan has gotten wealthy and thus indolent. They fear Asia. So money just sits, but we have to put this in context. They are still very wealthy, but they can't expect to put out the effort that they did in the past when "made in Japan" was ridiculed. They will start putting out as the reality of their situation develops. It's funny. The entire world sees Japan's plight as deflationary. I see it and that of Asia as nothing but inflationary. OPEC's oil cuts will slow demand led inflation, but Asia's inflation will come from desperate attempts to restore rising Asian prosperity through government intervention. This is somewhat similar to what is happening here. The FED believes that excess demand leads to inflation. I believe it is their response to their own belief coupled with the American labor attitude that will lead to inflation. Asia will print and we already are.