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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (89303)2/17/2001 6:16:46 PM
From: hdl  Read Replies (1) of 132070
 
Re Japan. I read in current Esquire that Mark Haines of CNBC thinks Nasdaq will move up because it has been cut in half and because economy and profits will go up which is good for stocks or economy won't go up and fed will cut rates which is good for stocks. But, he sees a possible serious problem for the world because of a serious problem in Japan which he says has banks with enormous debt and they haven't worked the debt problem out and the japanese government with debt of 120% og GDP, which is twice the ratio of the U.S.
It doesn't say , but Japan has extraordinarily low interest rate on government debt. If interest rate would double, it would require twice the debt payment-and interest rate would still be low.
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