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Strategies & Market Trends : Asia Forum
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To: Joseph Beltran who wrote (7101)10/14/1998 9:22:00 PM
From: Tundra   of 9980
 
Joseph,

I tend to agree with the general tenor of your post. In my case, I have found myself consistently disappointed at the Japanese response to economic concerns. At this point, my level of expectation
is so low that perhaps a pleasant suprise will occur soon. I won't
count on it, though.

Having somewhat castigated Japan, I believe I would be remiss and inconsistent if I didn't comment on the LTCM fiasco. I don't particularly
care about the lenders which did not possess federally insured deposits. They can live and die by the sword as far as I am concerned. However, I believe a different analysis applies
to those institutions with federally insured deposits that apparently
loaned great sums of money without much of a clue as to the risk involved. Heads should roll. Hard. { The same comment applies to today's BAC fiasco}.

If not, we appear to be saying do as I say not as I do.

Regards,

Tundra
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