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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Defrocked who wrote (17007)1/27/1999 9:08:00 AM
From: geewiz  Read Replies (2) of 86076
 
Defr'd,

I read in the Monday Financial Times that the Japanese Banks were getting an infusion of $US240Billion to cover the reserve requirements. Would this represent a defacto change in Japaneese monetary policy? What percentage of the total reserves is a quarter trillion? I am certain it will hhelp to support the equity valuations; as the banks won't need to sell into a depressed market now.

Underlying is my concern that I am misreading the business cycle, and that we are a lot closer to 27' than 29'!

thanks for your thoughts,

art
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