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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (45590)	2/3/1999 12:55:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 132070

<<Rubin telling Japan it needs to use monetary policy to solve its problems...print more yen...>> And what was Japanese response? raise the interest rate <g>

To: Bonnie Bear who wrote (45590)	2/3/1999 2:27:00 PM
From: Earlie	Read Replies (1) \| Respond to of 132070

Bonnie: They're listening. As I noted earlier, the Japanese are about to unleash a paper (Govt bond) blizzard that should see a 24 inch accumulation. Japan's deficit, already rocketing along at annual numbers that have never been seen before, will explode more than 20% this year on a y-o-y basis. They own up to the fact that the deficit will likely end up exceeding the GDP by 140%. Best, Earlie P.S. Just realized that the snow analogy might not be appropriate,given your location. (g)