quote:Originally posted by Rothko:
This almost reminds me of the 1980's, when the Japanese economy was soaring and land values in Tokyo alone exceeded the entire U.S.
Everyone was bemoaning the decline and fall of the U.S.
And the Japanese were paying outrageous prices for U.S. assets, like properties in Hawaii and NY (Rockefeller Center was a well-known buy). Well, that didn't last long, and the bubble burst.
So, if the Asians want to spend outrageous amounts for Lafite, let them. Maybe it will help adjust the trade balance.
Rothko, missed you at the BCLC 30th annoversary party. We'll have to catch up soon.