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

To: Bill Grant who wrote (1753)	10/1/1998 1:13:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 1911

Tax cut is fiscal policy, it doesn't get 'em to buy. They need direct stimulus. They are talking about a substantial decrease in corporate tax rates and that is good, but its effects are several years downstream. Interest rate changes by fiat will not generate demand. It takes yen. They don't want to create yen currency because they fear it will cause the yen to rise which is a correct assessment. A rising yen means the export neo-mercantilism hegemony will falter and they will lose share to the other Tigers. That also is correct, but they're going to lose it anyway. They can change the kind of markets addressed by getting out of their basic fabrication industry orientation and stimulating the new technologies of the information age. That will also take time. Pumping buys the time. It's hard to get people to change their bad habits though.