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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (11417)12/14/1997 11:30:00 AM
From: Rmn  Read Replies (1) of 18056
 
I am fascinated by what is happening in Asia. Again it shows that bubble economies do not deflate... they pop. At the very least the deflationary pressures on US producers will reduce profits, and yet our bull market keeps on going. Can anyone tell me why the Japanese, who are losing market share to the Koreans, keep talking up the Yen. I understand that currency devaluation is not the way to prosper but they are in the ultimate liquiditiy crunch, or soon will be. Intersest rates could not be lower and yet credit is disappearing. The Japanese banks have lost their ass in US real estate, then in the Japanese real estate and stock market bubbles, now in their Asian
investments. S. Korea is facing sovriegn bankrupcy. I love hearing the spinmeisters on CNBC put a positve face on this.

thanks
Ramsey
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