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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.37

-0.9%

Dec 3 3:59 PM EST

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To: Alomex who wrote (123462)	4/11/2001 2:58:21 PM
From: Wayners	Read Replies (3) of 164684

Yea I've thought of that. I think Japan is actually starting to do the right painful things in order to fix their bad debt problems resulting from their stock market and real estate asset bubbles. The quick normal fix for those situations is to endure a period of painful deflation as they try to bring the asset side and liability sides of the equation into balance again. Instead of writing off the bank liabilities and letting the weaker banks fail, they've been attempting to use monetary policy to reinflate the asset side of the equation to balance the bad debts. That has not worked. They need to cut the bad loans and let the phony asset values the banks carry on their books decrease the way they should. Sell off the assets at current market values thus further depressing asset prices. The banks that can't cover their liabilities will fail. The Government needs to honor protections to depositors if they have the equivalent of an FDIC program.

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