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To: Enigma who wrote (28006)	2/11/1999 9:51:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116756

DD, Japan has always effectively skewed its unemployment stats. It's approached socialistic tendencies when it comes to full employment. Japan averaged a 2% unemployment rate for many years. It is now higher than the US rate, to their great embarrassment. As for using the term "depression" loosely, I dont' think that I am. If you look at the collapse of their markets since '91, most people would agree that this is depression and not just a recession. But 1929 was not just a depression. It was a GLOBAL DEPRESSION and that is a key difference. Regards, Ron