Earth Shaker's Salt, Pepper and Most Precious Treasures Message Board

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Strategies & Market Trends : Earth Shaker's Salt, Pepper and Most Precious Treasures

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To: Walk Softly who wrote (40)	8/10/1998 12:52:00 PM
From: Walk Softly	Read Replies (1) of 69

Interesting story... WBB (Del Webb, condos homes hotels developer) used to own Turtle Bay resort north shore Oahu, HA.... (I just completed a stay there)... fame here based on PGA stop in 70s/80s... Sold to the Japanese in 80s at the top of the RE bubble... + improvements Japan has 200 mil in.... Now for sale between 30-40 mil.... Should help you undersatnd collapse of their financial markets.... this has happened in CA and NY to Japanese investors also... Japan Dynasties controlled RE and Farm commodity prices in Japan for ages.... literally millenia.... recently unwinding as illustrated.... This is the root cause of Asias problems.... pricing artificialities must unwind in a one-world economy.... hence american unions must also lose long term.... This whole artifical price support unwinding as we colalese into one-world economy is THE most powerful underpinning of our market... BTW I like WBB at these prices... ES

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