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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%4:00 PM EST

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To: Mark Bartlett who wrote (35856)6/24/1999 9:44:00 PM
From: Ahda  Read Replies (3) of 116779
 
I disagree with you Mark Japan produced goods more efficiently than we did. We consumed them, in some cases they were better than ours and made us think twice..
If the baht had not taken such a drastic fall perhaps Japan would of solved some of her own problems a gradual correction of over evaluation not quite as radical as happened.

We have excess debt due to loose credit we have questions of our banking system now. We have a stock market that sees no pe but purely future expectations so what happens to all that money if it drops below what we all look at as standard dow correction. Whoosh it is gone

What happens to all the corporate bonds redeemable in stock what about corporate debt re stock value whoosh it gone . What happens to all the people who are margined or in credit up to the hilt in the market whosh payback is gone. What happens to all the corporate options incentives and debt incurred that those options would pay.

Japan was lucky her people are conservative. If it was us i feel it would be much broader and much more painful .
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