Asia Forum Message Board

STOCKTALK

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.

Strategies & Market Trends : Asia Forum

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joseph Beltran who wrote (6489)	9/18/1998 10:16:00 AM
From: Worswick	Read Replies (1) of 9980

From the Fleckenstein site "....Japan's bank debt downgraded... S&P downgraded Japanese bank debt. I have said before that one reason the Japanese haven't addressed their problems, was because they were too big too handle. Now it looks like some of the rating agencies are starting to figure that out. The Japanese bad-debt problem appears to be approximately $1.8 trillion, or 30 percent of GDP. To put that in perspective, it is about ten times our S&L problem of the early '90s. Our S&L predicament was about 3 percent of GDP at the time, and Mexico's problems were about 6 percent of its GDP. I think this is one of the main reasons why the Japanese haven't faced the music". Joseph... the Asians, particularly the Chinese, the Koreans and the Japanese have practiced... "beggar thy neighbor through trade" and is it any wonder that sympathy isn't running in buckets here? My best, Clark Nb It looks likethe Pakistanis and the Iranians are going to war with teh Tailiban in the Middle. The Prime Minister of Pakistan is trying everything he can do.... to create an outside "enemy" to distact the people of Pakistan from their collapsing country.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next