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

To: Zardoz who wrote (67662)	4/16/2001 5:28:54 AM
From: Alex	Read Replies (1) \| Respond to of 116759

<<A Bank of Japan survey reported in yesterday's Nihon Keizai Shimbun found the combined value of share portfolios held by banks stood at ¥46 trillion, 40 per cent above their combined equity capital of ¥32.2 trillion. Banks will have to unload massive amounts of shares to comply with the Government's emergency economic package which proposes banks reduce portfolios to the level of equity capital.>> smh.com.au

To: Zardoz who wrote (67662)	4/16/2001 9:37:25 AM
From: Rarebird	Respond to of 116759

Once a credit-induced economic boom is underway, ever larger infusions of new credit is necessary to sustain it. At some point in the borrowing binge, the capacity to take debt fast enough to sustain growth evaporates. The U.S. has reached that point. But as long as the facade that the Fed is still successfully going for growth is sustained, this fact need not be admitted. What the ECB is doing by refusing to cut rates is to begin the process of exposing the lack of foundation under the entire economic boom built by the Fed over the past decade. Got Gold? Got Guns? Got Guts?