The Millennium Crash Message Board

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Strategies & Market Trends : The Millennium Crash

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To: bobby beara who wrote (173)	8/14/1997 10:00:00 AM
From: tekgk	of 5676

> do you think this has already started with the dramatic bond reversal I wish I knew. All I know is that the Thai short term external debt is 79 billion of which 2/3 is Japanese. I also know that a friend over there that says that real estate has dropped 30-40% with losts of unfinished buildings. The $16 billion IMF plan is not enough. Just this morning Thai officials have asked for debt payment extensions in addition to the official plan. Korea is at least as bad. All the Banks have been down graded by Moody, S&P etc. This is because 4 big groups of companies (KIA plus others) are bust and real estate is dropping. I know that Japan is the big lender here as well but I don't have exact numbers yet. If I find them I will post them here. Problems in Japan itself are also growing, for example auto sales are down 10% and construction is a big mess.

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