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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (1519)	4/5/1999 9:12:00 AM
From: Freedom Fighter	Respond to of 1722

Porc, >https://www.siliconinvestor.com/readmsg.aspx?msgid=6333171 << I think the situation in Japan is the type of deflation that I referred to in the past as the dangerous variety. That is, there are "credit" contraction and overcapacity issues that are causing falling prices, interest rates etc... (like the 30's U.S.) Under the scenario of no increase in the money supply, the falling prices are the result of productivity gains and the like and I don't believe it would have the same consequence. In fact the situation in Japan is an argument against central bank control over money since it is widely accepted that the BOJ created the bubble to begin with. Wayne