Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: lightwave51 who wrote (12414)	1/2/2002 11:10:01 AM
From: smolejv@gmx.net	Read Replies (1) of 74559

Japan is no Argentina. Its national debt (at 130% of GDP) is 100% internal - they owe the rest of the world absolutely nothing. On top of that (while Argentina is defaulting on external, US$-denominated IOUs) Japan is the single biggest US creditor. I admit it's scary alright: the world's biggest bank being put in the same class as Argentina. I just dont know, what actually IS scary - just the comparison or ... the fact;\

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