Creditor Life-forms

[Brad De Long]

>On Thu, 20 Apr 2000, Brad De Long wrote:
>
>>  do. But I, at least, have no confidence in either the Bank of Japan
>>  or the MOF.
>
>The bureaucrats pretend to reign, and the keiretsu pretend not to rule, is
>usually the case with Japan. On the other hand, it's true that the postal
>savings system in Japan has 1 trillion EUR in rocksolid liquidity, so
>maybe there's a little rule in that reign. Also, the keiretsu groups seem
>to be undergoing a kind of semiosis right now, merging and exchanging
>financial-industrial DNA, like vast life-forms or something.  You know,
>like when Godzilla gets thrashed by space aliens, crawls off and then
>recharges somewhere, returning to unleash the chomp 'n stomp romp in
>glorious Technicolor.
>
>-- Dennis

But they've lost a whole decade of economic growth...