Ahh Canada - 2 out of 3 ain't bad Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Shaw who wrote (1234)	3/17/2001 3:58:01 PM
From: Dexter Lives On	Read Replies (1) of 5144

Shaw, I thought someone might ask - from my last post: Banks have used unrealized profits on their vast stock holdings to offset bad loan write-offs. Now, with banks required to value the holdings at market price for the first time from April, analysts say some banks are close to reporting losses. That's straining their ability to lend, starving the economy of the fresh money it needs to grow. Japan's main gauge of money supply rose 2.7 percent in February from a year ago, less than half the pace of money supply growth in the U.S. Note when they say losses they cannot at this time quantify same. Fitch rating agency just put 19 of these banks on credit downgrade watch. I've long heard of Nikkei at 14K being a key level for the banks' holdings. With bad loans compounding these deteriorating stock holdings, the combination being quantified will show us what's hidden under that rock; we may not like what we see... Rob late edit: Who cares about Japan? We need to save Japan to save ourselves! Re: selloff on 50bps - the market hasn't rallied so it might just be a non-event; now 0 or 25bps is different (MASSIVE SELL-OFF, imo)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next