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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.04+0.7%Jan 16 4:00 PM EST

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To: ahhaha who wrote (13440)6/18/1998 10:25:00 PM
From: Henry Volquardsen  Read Replies (1) of 116861
 
ahhaha,
I have a question for you. You state that you 'had close relations with several Japanese businessmen and economists since the early '80s.' and then you state 'I reiterate, the banking system problems are not problems'. My question is, given these statements could you explain why the Japanese banks are forced to pay a premium over what foreign banks pay in the Japanese money markets? Why are almost all Japanese banks unable to borrow at any rate in the euro markets? Why is Summers bringing the former head of the RTC with him to Japan?
Henry
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