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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (63496)	6/30/1999 7:39:00 AM
From: valueminded	Read Replies (1) \| Respond to of 132070

Mike: <folks taking on debt that may burden them for life and the financial sector overextending its highly leveraged resources> I doubt most people feel they are taking on debt that will burden them for life, if they think that far ahead, they may consider the out is declare bankruptcy and magically, your debt disappears. I have been struggling with a question (well actually a lot of questions) but this one in particular. Please present an arguement for buying Japanese Government Bonds. I just cant see how they can sell them with: BOJ working to ensure the YEN does not appreciate & they pay no interest. Finally, who do you think is buying these bonds... (I heard that the Japanese Govt had to use the pension system to buy the bonds... Sounds like a recipe for disaster,,,maybe they learned it from our success at using "social security funds" to finance govt debt...