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Strategies & Market Trends : Tech Stock Options

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To: j g cordes who wrote (39392)	4/13/1998 10:30:00 PM
From: Patrick Slevin	Read Replies (3) of 58727

This appears to be a political game of tag. Now Japan is to be commended because their banks are overexposed in the third world. It appears this is Sunday night all over again, Jim. I'm ready to crash...let's see what I got. The Asian problem is one of a currency crisis which Japan, in purely humanitarian interests (sure), has tried to fix. Japan tried to sock it to their neighbors politically, economically, violently, forever. But I'll swing with that. Japan has an economy that is bordering on the equivalent economy of the US going into the Depression. Deflation is a threat. They cannot get the interest rates much lower. The chairman of Sony likened Hashimoto (or whatever his name is) to Herbert Hoover. The country is scrambling to avert a Hoover scenario with a probably doomed tax cut and an effort to prop up the Yen. Asian miracle my butt. These people are teetering on economic collapse. Sure, my Sony TV works good too, as it has for 12 years. It seems like political spin doctoring to me. I guess the Fed did not give them enough T-Bills.

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