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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: ilh1 who wrote (5101)	10/1/1998 9:46:00 PM
From: DebtBomb	Read Replies (1) \| Respond to of 119973

I don't think there's any easy fix for the Japanese banks. They just made too many low interest cheap loans, they went hog wild, like we did in the roaring 20's. It's an economic cycle that takes time to reverse, like years. Maybe Japan just needs some new government, away from the Hashimoto and Obuchi "old dog tricks". I'm now reading that Y2K will push Japan, the rest of Asia, Russia, and Latin America into even further depression next year. I don't see anything getting any better anywhere until after the year 2000. Yeah, we might rally in January 1999 or next spring sometime before the Y2K panic sets in, but the rally won't last. It's a vicious cycle. Remember around 1980 when Japan was riding high with the Nikkei somewhere around 35,000 and we were in the pits with 18% interest rates, high unemployment, gold at 850/oz. and the Dow at around 1000? Look now, the trend reversed, Nikkei tanking to 13,000 and the Dow set a new all-time high this year at about 9400. No doubt about it, Japan is helping to drag the world down, these things just have to run their course, no easy fix, no overnight remedies, it takes a long time for these things to work out. I'm not trying to be negative and I don't want the markets to go down. It's a lot easier for me to make money when the markets are rallying. But I'm flexible, if the markets are going down, I'm shorting. It is going to be an interesting time from now until the year 2000, hold on to your hat.