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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Punko who wrote (12010)	10/2/1998 4:47:00 PM
From: Charles Hughes	Respond to of 14631

>>> the Japanese need to have a serious fire lit under their @sses to get their economy jump started. When that happens, things will begin to fall into place. <<< How can this happen, though? Previous (and actually, current) status depended on a completely one-sided trade relationship, 1% unemployment, the long-sacrificing nature of the average person, and cooking the books for years. That's all starting to crumble. It's hard to go back to cooking the books once everyone knows and your ability to kite things around runs out. Current unemployment is still less than ours. Their interest rates are almost invisible now, and impossible to lower any further. In fact this is part of the reason the banks are having a hard time. Meanwhile, many countries have caught up to them for the moment technologically, and they have been at the cutting edge of tech for so long they no longer have many middle tech industries in the country, as they exported all that work. They are not so bad off as many others, who will not be sympathetic. We are the only ones who think billions in quarterly trade deficits are forgivable. The Japanese are pushing on a string on their effort to improve the situation. Three things can help: time, the political defeat of the entire crop of corrupt political parties there (I mean, really corrupt), and an improved US situation, so that we can go back to subsidizing their stability with the trade deficit. IMHO, Cheers, Chaz