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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (1084)	9/17/1998 8:26:00 AM
From: Wally Mastroly	Respond to of 15132

Re: Japan...,etc. Some posts pointing to a rocky start to the U.S. market today... Nikkei down -2.4% to 13859. This is a 12 year low - again. Other Asian markets down. Europe opening even lower... quote.yahoo.com S&P futures(globex) down 18.7 right now - it has been dropping for hours. Dow should therefore open down this morning. Japan - in much need of banking reform biz.yahoo.com S&P futures - Oh,oh now down 19.7 (lower since I started this post...) cnnfn.com

To: Investor2 who wrote (1084)	9/18/1998 12:09:00 AM
From: Hank Stamper	Read Replies (1) \| Respond to of 15132

"For some reason, I find it hard to accept the notion that Japan's problems stem from the fact that its citizens are too rich." I don't think that is the problem. I think the problem is because the money was not spent on consumer commerce. Rather, since too much was saved it was too easy to invest poorly. They are not too rich, they just invested too much. I think there is a basic Zen lesson here as in, "Zen dog dreams for a medium size bone" (R. Stiene, the cartoonist). In dreaming for the big bone, they forgot to seek balance and harmony between saving, investing, and spending. As in wire walking, without balance you fall off. Oh, BTW, I want to complement Justa and Lars (and others) for keeping this thread from degenerating into drivel. It is easy for a thread to thoughtful and critical commentary, not to mention humour. I had stopped reading the Brinker Savant thread because the arguing became so boring! I can't stand to be bored. Ciao, David Todtman