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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: Lazarus_Long who wrote (29590)2/17/2008 8:29:02 PM
From: Elroy Jetson  Read Replies (2) of 217774
 
I would like to find an untra-short ETF for Japanese financials, which own more than $500 billion worth of the greatly impaired Collateralized Mortgage/Debt Obligations on collateral in the US.

The loss suffered by American banks is a small fraction of the Japanese losses.

There are other major international CDO holders who have not yet been identified. But the stocks of Japanese banks, insurance, and retirement management companies have not yet reflected these losses which should approximate $400 billion. That's a lot of Toyotas.
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