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Politics : Formerly About Applied Materials
AMAT 226.05+1.3%Nov 14 9:30 AM EST

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To: Big Bucks who wrote (17656)3/13/1998 12:32:00 AM
From: Clarksterh  Read Replies (1) of 70976
 
BB - Don't underestimate the potential economic impact to US markets if several more major Japanese financial/banking institutions go belly up due to insolvent loans to other Asian/Pac-Rim countries.

A few more banks going defunct in Japan, while not good news, is not necessarily particularly bad. As I said in my previous post, we (the US) are only in trouble if Japan goes into depression, and that is going to be very, very hard to predict. Part of the problems with prediction is that it is psychological. How many banks will have to crash before Joe Investor decides to sell his stock as well? So far the Japanese have shown much more calm than Americans would.

Clark
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