Bush contradicts himself

These days I often come on a word "Japan-style" in the newspaper. What kind of "Japan-style"? The word means "a deep and protracted recession". Hmm,,,,,,, it is a dishonorable term. Well, yesterday $1=98yen. When I wrote about currency exchange rate first time, $1=123 yen.



It is said America would not suffer a Japan-style recession. But if Bush doesn't buy defaulted credit, America likely to suffer a Japan-style recession.



アメリカはいわゆるジャパンスタイルの不況には突入しないと言われているが、ブッシュ大統領が不良債権を公的資金によって買い取らない限り、ジャパンスタイルの不況に陥る可能性が高い。



Bush said he goes for a strong dollar and he doesn't purchase nonperforming loans. He contradicts himself. Because increase of bad loan is driving the dollar lower.



ブッシュは、強いドルを支持するが不良債権は買い取らないと言っている。これは矛盾した考えだ。なぜなら不良債権の増加がドル売りを加速させているからだ。



As long as housing prices are declining, American personal consumption will be curbed. The cycle cause other bad and doubtful debt. Not to fall in a vicious cycle, all Bush can do is to actively purchase nonperforming loans.



住宅価格が下がり続ける限り、アメリカ経済を支えている個人消費が抑制される。それが新たな不良債権を生み出す。この悪循環に陥らないためには、公的資金によって不良債権を買い取る以外にない。

I took the photo of Sudare-zakura(cherry) and Japenese bee.