SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 139.59-6.2%3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jess Beltz who wrote (5948)6/21/1998 9:17:00 AM
From: Ramsey Su  Read Replies (1) of 10921
 
Jess,

I don't think $500 billion touches the problem. I think the number is way up in the trillions. I heard the number $30 trillion last night, but I don't remember now if that is the bad debt or the total debt package.

Are we talk yen or USD here? I have been using USD in all my posts because it is too confusing to go from one currency to another.

If this $500 billion number that I have been using is far from reality, needless to say, my bail out idea would be totally infeasible. Repeating myself, this is the single most frustrating issue when it comes to Japan. There is so little reliable data.

Purely guessing and estimating, I think $30 trillion is way too much for bad debt, and/or just debt, considering that the US national deficit is only in the $5 to $6 (?) trillion range. One report I read combined Thailand, Indonesian, Korea and Malaysia with a total debt of just under $100 billion to Japan.

By the time you wake up Monday morning and read this post, we should have the "results" of all the weekend meetings. I am betting that no news will come out of it and investors are left dangling again.

Ramsey
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext