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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject4/14/2001 12:12:45 AM
From: Devin123  Read Replies (2) of 37746
 
Bid Buster got me going on this, so if you guys want to stop, let me know. But the more I study Japan's woes, the more I get nervous about WorldWide tremors and foundations collapsing... I mean, we are talking about the second largest world economy:

interactive.wsj.com

The part that intrigues me is this:
In the bankruptcy-debt arena, the government recently set a two-year deadline for top banks to dispose of their riskiest bad loans, estimated at 13 trillion yen.

But bad loans at all of the nation's banks could be as high as 32 trillion yen, and government officials acknowledge huge gray areas that are likely to send that figure higher. Alarmingly, loans going sour continue to increase.
* * * *

So if they've already cut interest rates on loans to zero and their growth is at a standstill, where do they go from here?? If they're gonna start paying people to take out loans, I wanna be the first in line. <<gg>>
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