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

To: Mike M2 who wrote (67678)9/14/1999 3:18:00 PM
From: pater tenebrarum  Respond to of 132070
 
Mike, what's more, once an asset bubble deflates, the banks are usually in deep sh*t and thus unwilling to lend. in Japan, despite valiant efforts to bring the banks back from the brink, nothing has really worked up until now. NOW i believe the Japanese banks have a chance, due to the wide spread between long and short rates in Japan, but it will still take a while to sort the mess out.

hb


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