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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Lucretius who wrote (27025)3/23/1999 10:35:00 AM
From: Earlie  Read Replies (3) of 86076
 
LT:

Of the many things that have the ability to influence our stock markets, for me the most important is the Japanese implosion, and follow-on events. Why? Because they have problems almost as serious as ours, but they have used up most of the "delay-the-day-of reckoning" actions, whereas we still have one or two left.

The calling in by Japan of its widely scattered (and unfortunately mostly converted) financial resources, is already being felt. As this gathers impetus, our markets will feel increasing strain. When the world's main "banker" stops lending, ceases to purchase our semi-worthless paper, and actually begins to retrench, the silly idea that we are an island of prosperity is likely to disappear quickly. If the peak of this retrenchment coincides with tech sector problem recognition, it will get terribly messy. Sort of shaping up that way.

Best, Earlie
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