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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (5784)	8/23/1998 11:03:00 AM
From: Stitch	Read Replies (1) \| Respond to of 9980

Zeev, I agree that overcapacity and low demand must be addressed but I would not characterize my suggestions as band aid so much as immediate and positive first steps. In fact I am not sure that you will get demand in Japan no matter what the incentives until you show the world our earnestness in taking a leadership role in solving the problems. (Not to mention reducing the rate to a point that t-bills are at least less competitive.) The greater problems of overcapacity and demand must be dealt with in a series of policy changes IMO. In an case, I agree, you have "cut to the chase". Best, Stitch

To: Zeev Hed who wrote (5784)	8/23/1998 11:33:00 AM
From: peter michaelson	Read Replies (1) \| Respond to of 9980

Over and over again I hear in the newspapers, here and everywhere the same thing - too much capacity. That seems weird and non-sensical in a world where a billion or more people continue to live in dire poverty. Ask any Indian about over-capacity - give 'em a laugh! Fundamentally, we do not have over-capacity. We have a sub-optimal, ineffective distribution of wealth and productive capacity. The world's economic problems will continue to re-generate over and over until/unless this basic problem is solved. Laugh at me - my solution is for the wealthy to relax, work less, consume less and take it easy. Anyway - it works for me!!! Peter