USA/Japan: noch mal was für Connaisseure via Dear John ex FT:

verfasst von dottore, 28.02.2001, 16:21

Einmal USA, einmal Japan, beide FT:

"The National Association of Business Economics, the largest group of
US corporate economists, sharply lowered its forecast for 2001 economic
growth grom 3.4 per cent to 2 per cent ans warned of"heightened"
recession risks.
The National Association of Realtors said monthly sales of existing
homes fell 6.6 per cent for the second month to a 12-month low ofr
4.65m units in January. Economists fear the housing market, a rare
bright spot strengthened by falling interest rates, could be buffed by
falling stock prices.
(...) Wayne Angell, chief US economist at Bear Stearns and a former
Federal Reserve governor, said their view was based on concern that
falling equity prices reflected growing pessimism and risked further
eroding consumer confidence. Mr Greenspan has called confidence
a"critical" factor in avoiding recession.

***Wunderbar wie der in der Zwicke sitzt!

(...) But a rate cut before March 20 by the Fed (...) is widely seen as
risky. It could raise the risk of higher inflation, create of the
perception of an panic at the Fed and reduce the shock value of such
moves.
It could also exacerbate"moral hazard" (...)...

***Und in der Zwicke auch noch!


Oh, oh Japan:

Japanese government and financial leaders have expressed concern over
the economy and called for
action from the Bank of Japan to counter falling prices."The
deflationary trend is a big problem," Taro Aso, the economics minister,
told parliament on Monday.

***Und woher kommt die Defla? 1. Zu viel Schulden früher, 2. zu wenig jetzt. Debitismus pur. Sooo wirkt das Schuldendrucksystem in der ganz konkreten Realität: Infla-Disinfla-Defla-DeDe. Eins ergibt sich durch die Schuldenautomatik bei nicht leistendem Schuldner(!!!) automatisch aus dem anderen.

Consumer prices last year saw the largest fall on record and are
expected to fall for a third year this year.

Mr Aso's concern was echoed by Ichizo Ohara, an outspoken member of the
dominant Liberal Democratic party. Mr Ohara suggested on Monday that
the BoJ could move towards quantitative easing as early as next
month."If they don't do that it will lead to a serious situation," Mr
Ohara said.

***Hat er Recht. Es wird wirklich"serious"!

Gruß

d.



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• USA/Japan: noch mal was für Connaisseure via Dear John ex FT: - dottore, 28.02.2001, 16:21