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Strategies & Market Trends : The Stock Market Bubble

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To: Giordano Bruno who wrote (2798)7/6/1999 8:33:00 PM
From: Giordano Bruno  Read Replies (1) of 3339
 
From the man that coined bubble.com

The US is vulnerable, he says, to the possibility that the internet-led stockmarket bubble will burst with awful consequences.

It would not only drag down the US economy, he fears, but jeopardise the entire system of global capitalism. It is quite extraordinary, of course, that the vice-minister for international affairs at Japan's Ministry of Finance should utter such thoughts aloud.

Apocalyptic pronouncements from a responsible official are potentially destabilising. And the Americans, Sakakibara's closest and most important allies, hate it.


afr.com.au
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