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Gold/Mining/Energy : GOLD-XAU
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To: Don Green who wrote (710)12/19/1997 1:29:00 AM
From: PaulM  Read Replies (2) of 1756
 
Don, Toshoku filed with about $ U.S. 50 billion in debt. So I suspect this might affect whoever is owed money from Toshoku, and whoever is owed money from that person, and whoever is owed money from that person.........

You're right about currency depreciation being a double edged sword. In fact, every economic event--short of sheer destruction of real assets--is a double edged sword that isn't bad for everyone.

The Japanese credit contraction that we are seeing and will continue to see will benefit some. However, Japanese equity holders aren't among them.
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