Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: E_K_S who wrote (19246)	12/26/1997 10:14:00 PM
From: Paul Fiondella	Read Replies (2) of 42771

OFF TOPIC --- JAPAN Japan's loans to Korea are denominated in Yen or $$$. The roll over of the loans violates the fudiciary duty that the Japanese banks have to their investors---after all if Korea can't pay them back then the loans are technically in default. But they are doing it because they don't want to see the house of cards collapse on them!!! Its just as well. American banks are doing it too under Treasury and Fed pressure. Tehy had a meeting in NYC and decided to do it so Korea can get through December withou a default. Japan will never need an IMF loan. If Japan ends up like Korea then you better get your money fast because its definitely 1929. Japan is a very large fraction of the world's economy. It is also a creditor nation. My fear is that the Japanese would try to pass this problem on to us---you know a the USA that debtor nation. If Japan needs money whether for liquidity or or whatever it can always cash in its 300 billion dollars in US Treasuries. That transfers the problem from them to us.

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