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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.95

+0.3%

Dec 1 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (40223)	2/15/1999 10:41:00 PM
From: GST	Read Replies (1) of 164684

Sarmad-- Japan's trade surplus can hardly 'surprise', and their 'official' interests rates are 100% irrelevant -- They have enormous savings (we don't) and they are moving them around in response to a set of problems which are 'urgent'. Since our last exchange there is a new 'rumor' -- that Japan is finally willing to recapitalize their banks with public money -- $1 trillion in bad loans need to be offset. Lets say they need to raise $200 billion in the open market -- a conservative estimate -- where will that come from? I feel relieved cause I have made some 'bear market' bets. Given the unfolding soap opera, I will stick with my original call -- the bucks are headed home to Japan and our markets are going to go down -- that is the trend. AMZN is toast. See article below. Japan may need to issue new bonds to fund banks-FT TOKYO, Feb 16 (Reuters) - Japan's Deposit Insurance Corporation (DIC) may need to raise money from the market to fund bank reforms being planned by the government, the Financial Times reported on Tuesday. ''I think the DIC will be forced to consider raising most of the funds from the market,'' the Financial Times quoted Financial Revitalisation Commission Chairman Hakuo Yanagisawa as saying on Monday. The paper said that if the DIC issued bonds to raise the funds, they could be worth more than seven trillion yen, or $61 billion, in the 1998/99 fiscal year. It did not give a source for the information. (Note: this article is ''in progress''; there will likely be an update soon.) --------------------------------------------------------------------------------

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