Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (44363)	12/6/2000 10:33:13 AM
From: Perspective	Read Replies (1) of 436258

Heinz, any idea which stocks led the Nikkei collapse? Was the epicenter in the financial industry? The reason I ask is that I've been perusing some of the individual issues that I'm familiar with - admittedly all export-oriented - and they actually demonstrate very little damage from their financial troubles. This surprised me somewhat, because I'd figured a total wipeout like that would have taken everything with it. For instance, Honda was within a stone's throw of its ultimate low when the bubble began bursting: siliconinvestor.com and Sony, although it gave up around 50% in lock-step with the overall market, didn't do anything worse than its 1981-1987 crunch. siliconinvestor.com Am I seeing a distorted picture due to exchange rate fluctuations? These are ADRs after all. Anyway, the reason I'm wondering is that I'm trying to ascertain how much feedback there was from the financial markets into their economy. One thing that has me genuinely worried that we're way too confident is the fact that US growth is so tightly dependent upon the credit markets now. The US consumer is debt, and the optical and wireless builds are the biggest credit sinks in history. Do you know what the dominant routes were for the feedback from the Nikkei collapse into the real Japanese economy? Was it primarily keiritsu, or maybe the collapse in lending backing the real estate bubble? We've got those as well... BC

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