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Strategies & Market Trends : Waiting for the big Kahuna
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To: Berney who wrote (29091)9/27/1998 8:20:00 AM
From: robnhood  Read Replies (1) of 94695
 
<<<Using Bank for International Settlement figures, this strategist estimated that the world's biggest banks lent more than 129 percent
of their capital to global emerging markets, and so far about 30 percent of those loans are non-performing.

''If it's 30 percent, we've just wiped out half the world's bank capital,'' he said, to stress the severity of the impending credit crunch.>>>

biz.yahoo.com
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