Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike M2 who wrote (48280)	2/22/1999 1:13:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Japan gearing up the printing press? Recent press reports have indicated that Japan may be more willing than it has been recently to monetize its huge bad debt overhang, devalue the Yen, and try to export its way out its mess. Fiscal policy has failed. (big surprise?) If so, you can expect at least some of that flood of easy money to reach the U.S. credit and stock markets. The U.S. for its part seems willing to run however big a current account and trade deficit is necessary to keep inflation low and our bubble up while trying to bail out the rest of the world. This is at best a short term solution for a world whose global trade imbalances grow daily. This is more of the same from central bankers and other financial heads who are more interested in the short term than the long term financial health of our country. For more on how the U.S. got into this mess: members.aol.com Wayne Crimi