Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Moominoid who wrote (31261)	10/11/1998 10:59:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 94695

Suposedly they are going to support their banking system. I still do not know from were so much money (67 trillion yen or $573 billion) will come as promised in their rescue plan. In Friday's Business Week is a very negative article about Japan municipalities such as Tokyo with $58.4 billion in debt or 81% of their local economy. Similar situation with the other big cities over there. How will they service their debt without default? The numbers just do not compute. BWDIK Haim

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