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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Baldur Fjvlnisson who wrote (12437)1/2/2002 11:42:55 AM
From: carranza2  Read Replies (2) of 74559
 
Why? And where will they put their money? Railroad savings bonds paying .05%?

The Japanese need to take strong medicine, but they are unwilling to do so. Seems to me that if the many bad loans are recognized and written off, Japanese banks may well sell off US investments (bonds). However, for reasons I don't understand, the Japanese have refused to take this obvious palliative despite the fact that it has been an option for many years. Undoubtedly a cultural thing.

Bankrupt US? Please be serious.
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