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To: Zeev Hed who wrote (7747)3/23/1999 9:22:00 PM
From: Ian@SI  Read Replies (1) | Respond to of 10921
 
Zeev,

Re the glasses: If someone can think of it, then sooner or later, it will get built. And this definitely sounds like a device that the investing world sorely needs. ;-)

Re Japan: Agree that cutting interest rates was even more futile than pushing on a string given the amount of overcapacity. I haven't paid a whole lot of attention to Japan, but I thought that there was a substantial cut to personal income taxes as well as some multi-billion $ voucher program to put money in the hands of consumers (vs savers).

Both of those initiatives should stimulate demand, suck up some of that spare capacity and perhaps get things going again.

I also thought I saw some inklings of cutting out the most cancerous parts of their banking system.

While I'm not counting unhatched chickens, I did believe that there was more than just a faint glimmer of hope.

Ian.



To: Zeev Hed who wrote (7747)3/23/1999 11:38:00 PM
From: LemurHouse  Respond to of 10921
 
Too late, Zeev! Greenspan has been wearing those glasses for years!

Cheers.




To: Zeev Hed who wrote (7747)3/24/1999 4:12:00 AM
From: sergio  Respond to of 10921
 
Zeev,
What do you think of latest change in Japanese gov't policy
regarding using its own defense to secure its seawaters? Is this
the same Keneysian concept of spending by the gov't to spur
economic growth? Or is it just a tactic to relieve economic conditions
and another way to prop-up the economy trough military expenditures?

sergio