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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (3038)	3/15/2001 12:53:34 PM
From: JRI	Read Replies (1) \| Respond to of 52237

Heard Bill Siedman on CNBS today....said he didn't see Japan falling into crisis because the debt that is owed by Japanese is owed to themselves....therefore they have time to work things out... Isn't that the FREAKIN' problem? Since there is, ultimately, no real mallet, no real outside pressure (other then the mark-to-market problem...which they'll scam up thru lower yen and government buying of securities).......medium-term: they will keep hemming, hawing, re-scheduling, pumping up market, selling off market......as your average Japanese's standard of living gets a little worse every year.....until Japanese government debt becomes so large...that its swamps individual savings...and really leaves Japanese no further options (after Yen goes to 250...)...at that point, it truly will be too late.. What's Siedman thinking here?