Stocks sink to levels last seen in '80s

The Japan Times Online ^ | Wednesday, September 4, 2002 | No byline

[stimulate]

I agree,but this "drop" will help the Democracts in November.

So unfair! I hope I'm wrong.

[chance33_98]

this "drop" will help the Democracts in November.

The drop is not what is helping them, it is the ruined education system that teaches kids all about sex but nothing about socialist democrats. Capitalism and conservatism are seen as bad, and everything else is good (except christianity, it is bad and causes those in islamic countries sadness - evil is now called good, and good evil. Looks like God was right all along.....)

[SierraWasp]

If Japan goes, CA (5th largest economy on Earth) will not be far behind since it's being sold into bondage by dim-wit davis, already. With algore's globular worming I might hafta move up there to Alaska with you, RightWhale!!!

Betcha don't hanker for alla us CA basquers to be invadin yer space, do ya? (grin)

[altair]

President Bush has turned out to be somewhat less conservative than the man I voted for, but I cannot believe he would stoop to something so evil as that. Impeached ex-President Clinton did it. I believe if Algore were President he would have done it, but not President Bush. He's a better man than that.

[altair]

In China especially don't you think?

The rest of Asia will fall too like a line of dominos, but yes, China would be in trouble. China is somewhat more insulated because both the United States and Japan have relocated so much industry there. Um, now would be a good time to start moving chip fabrication back to the US.

[altair]

Agree totally. It's so bad now, we can't even debate in our own terminology. When the question should be, why is the government getting involved with funding medicine, but instead, how much should the government be spending on medicine for senior citizens, we've already lost.

[altair]

If Japan goes, CA (5th largest economy on Earth) will not be far behind

Yes, but I think for a different reason. If Japan goes it will have a catastrophic effect on the rest of Asia. Question: where do computer chips come from? Silicon Valley will be toast. Now would be a really, really good time to start moving chip fabrication back into the US.

[Timesink]

If this keeps up another 2 years, as some on this forum have said, then what do you think the chances are that President Bush will win a second term?

The Japanese don't get to vote for the president of the United States. The headline on this article should have been clarified: Prices are down to 1980s levels in Japan, which has been an economic basket case for the last 5 years. In the US, stock prices have only backtracked to around 1998 levels. And given that the entire insane runup of stock prices in the late '90s was due to the dotcom fraud craze, seeing it fall back down to proper levels is the best thing that could have happened to us. Almost everyone that "lost their life savings" were either addicted amateur day-traders or people whose wealth only doubled or tripled on paper within an incredibly short period of time, when it really should have only been going up a few percent a year as it normally does. The mistake was corrected, and everyone still has about as much money as they started with before the bubble, unless they gambled it all away instead of cashing out. If they were too inept or greedy to know when it was time to sell and take their profits, that's entirely their own fault. And for those whose entire portfolios are locked up in a 401(k) or something that they can't and could not touch, it was all just numbers on a statement anyway.

[Nuke'm Glowing]

I would hope not. But if the rumors are true and the polls drop before the November elections, we could start a Wag the Republicrats back into Congress bombing campaign to begin in late October to soften up Sadamn and the demorats. Only time will tell.

[EVO X]

I've heard that described as a problem, but everything is (still) so expensive here. You could cut the price of everything in half and it would still be expensive.

Ditto that! I was there in March when it was 132 yen to the dollar and I thought prices were high then.

[bandlength]

meoww, boiiinnngg

[altair]

I've been here almost four years now (124yen/$1 when I arrived) and prices have basically not changed the entire time.