Announcement from Bloomberg
October 3, 2007
By Ken Worsley
This one showed up in the email tonight. It’s very, very good. Feldman really knows his stuff on Japan.
This past Friday on Bloomberg Radio®, “Bloomberg on the Economy” host Tom Keene spoke for an hour with Robert Feldman, chief economist at Morgan Stanley Japan Securities Ltd., about the resignation of Prime Minister Shinzo Abe and his outlook for Japan’s place in the global economy under PM Yasuo Fukuda. They went on to discuss Japanese debt and GDP ratio, the country’s aging population and its impact on the economy, and the integration of the growing Chinese presence in Japan. We thought you might find the interview of interest. Please feel free to follow the link below to listen to their conversations:
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A lot of what the guy said is common sense. I differ on one
point in that the Fed. doesn’t have political power and it
is difficult for them to “set up” a system in which “bubbles”
will not occur. The credit crunch problem is from idiot people
believing the idiot mortgage brokers. They gave them loans
that they simply could not afford. I don’t really see this as
a Fed problem.
Indeed Ken,
Thanks for the link …
Feldman is excellent. Him and Takehiro Sato represent the best analysis over at Morgan Stanley’s GEF on Japan out there I think, apart from you and me and my colleagues over at Japan Economy Watch of course ;).
Claus