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Politics : Ask Michael Burke

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To: MythMan who wrote (27802)	4/30/1998 11:23:00 AM
From: Mike M2	Read Replies (1) of 132070

Pete, such foolishness. So Japan's banks are awash in stks well the American public is awash in grossly inflated stocks and debt. The financial mkts are awash in securitized loans which the banks keep cranking out. Low unemployment did not keep japan from collapsing. "Properly measured inflation" balderdash ho ho ho. The same "low price inflation" was present during the japanese bubble days and the US mkts in the 20's. Japnese banks have many nonperforming loans the US banks and financial mkts will have their share in due time. The US banks have massive derivatives exposure which is an accident waiting to happen. pete do you believe everything you read? Wall St spoke of DRAM shortage until the year 2000 in 1995. You baby brats are in for a rude awakening ho ho ho . mike

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