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Technology Stocks : Seagate Technology - Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Z Analyzer who wrote (201)	11/17/1998 5:36:00 PM
From: William Epstein	Respond to of 1989

Z Analyzer; Good question. I have another. Where will it come from? Gov't spending? Keynesean economics. Does it still apply in this day and age? Does it apply only in special situations such as, a deep depression? These questions have never really been answered because the U.S. went into WWII and that was what finally, pulled us out of the depression. I know how John Kennith Gallbrath would answer but he is one side of the academic debate. This is the second time a major economy is using Keynes' economic theory for this purpose. It may be the only way the Japanese can try to exit the situation without openly admitting that their banking system is rotten to the core. Very important for them to save face and to avoid a worldwide financial crisis of major proportions. We may get the answers during the next couple of years. Expect a lot of fancy dancing, back peddling, etc. in the U.S. Treasury and Japan's central bank. They do have one advantage we didn't have. They have at least two central bank's working on the problem and they are the two largest in the world. We can't afford to let them go down the drain although, many would like to see it. PHOTOMAN