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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (18437)2/8/1999 6:36:00 AM
From: accountclosed  Read Replies (1) of 86076
 
ANALYSIS-Is Taiwan ailing Asia's next domino?...''We are only seeing the tip of the iceberg,'' said a senior local banker who declined to be identified.

''A lot of problems have yet to surface. It's a critical moment between now and the Chinese new year,'' the banker said...

A banking analyst at a foreign stock brokerage said the worst was yet to come, warning that banks' non-performing loans could skyrocket to around 20 percent if the long-suffering construction industry collapses.

Chronically sliding share prices only made the vicious circle even more vicious, with financial columnists painting nightmare scenarios of banks collapsing as loan collateral in the form of stocks or real estate sinks in value.


biz.yahoo.com
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