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

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To: Dexter Lives On who wrote (1223)3/17/2001 8:45:32 PM
From: Shack  Read Replies (1) of 5144
 
Shack, are you calling for Japan to drag the world financial system into the sewer?

Well Rob, it won't help thats for sure. The timing couldn't be worse given the NA slowdown. I'm not an expert but if the Japanese banks had just written down the bad debts/deflated assets years ago, they would likely be in a bull cycle by now and helping the global economy avoid a potential severe recession.

That said, they still haven't cleaned up those balance sheets and now the gov't says it will support the market. Just fix it!
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