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To: d:oug who wrote (55591)7/1/2000 8:20:07 PM
From: d:oug  Read Replies (1) | Respond to of 116764
 
anyone have a url to a news article outside usa about below ?

[start.]

...disconcerting when BIS President Urban Backstrom,
tells us that if confidence in the stock market changes,
the whole pyramid of debt would be endangered....

... he said in essence the comparison
between the US today and Japan in the late 1980s,
which began Japan’s banking, stock market and real estate collapse,
is similar to that in the USA today ... [but the usa] has an additional problem
Japan did not have and that is a massive current account deficit.

... mentioned in previous issues,
the BIS report was blacked out in the US
by coordinated suppression by the media
and the administration.

It was front page news worldwide.....
[end.]