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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (57293)	8/14/2000 5:34:05 AM
From: d:oug	Read Replies (1) \| Respond to of 116927

Rarebird, Many problems i have with your reply. First, this topic is an area i have trouble understanding because i am new to thinking about banks and the different currencies and exchange rates and on and on. Second, this topic does not hold any interest for me except that it is somehow connected to the price of gold and my motivation to read and learn and understand is low. Third, i am not able to do a Ron Cut & Paste Act because the info i reference is from the pay per view Le Metropole Cafe. Fourth, i respect both your views and those at the Cafe, so that when they differ i can only pucker my lips and move my finger up and down and make those baby sounds of babbleing blowing bubbles. ------------------- Le Metropole Members, "If one believes in chaos theory, and that the flap of a butterfly's wings in Japan can bring storms in Europe..... ... Anatole Kaletsky, distinguished Times correspondent, would call it a blunder for Japan, and a disaster for the world." Dr. Neville Bennett has taught Japanese history at the graduate school of Canterbury, New Zealand for many years. Neville's commentary is ESTEEMED down under in the New Zealand land business world and the CAFE is proud to send his analysis your way! ------------------- I'm over 3 strikes so I'm Out. Just wondering, do any of the following sound bites ring a bell? Only one of them stand out to me to reflect your views. [Japan] ... the real problem is debt. ... stimulate the economy with lavish spending. ... national debt is the world's largest ... interest raise is that it will fuel an uncomfortable appreciation of the yen. ... a sell-off by Japanese investors in global securities. ... horrendous. An appreciating yen encourages a sell-down of foreign assets held by Japanese corporations. Japan is a massive holder of US and Euro assets. ... the Euro (for example) would be sold and the yen appreciate. The Euro would fall in value... Japan's holdings of US Treasuries are vast, and a sell-off could hurt the dollar. ... strong downward pressure on global growth could emanate from Japan.

To: Rarebird who wrote (57293)	8/14/2000 1:43:13 PM
From: long-gone	Respond to of 116927

Guess they just couldn't afford to keep giving out free use of money - money had to become more real: Japan bankruptcies soar By Bayan Rahman in Tokyo Published: August 14 2000 07:25GMT \| Last Updated: August 14 2000 09:42GMT Debt owed by failed Japanese companies surged to a post-war high in July and the number of bankruptcies could continue to increase after the Bank of Japan raised interest rates, a credit research company warned on Monday. Teikoku Databank said the number of corporate bankruptcies soared 21.4 per cent in July on year to 1,617, the ninth monthly increase. The liabilities owed by the companies increased to a record ¥4,260bn, inflated by the collapse of retailer Sogo, which accounted for 68.5 per cent of the month's total bankruptcy debt. Sogo's failure had raised (cont) news.ft.com