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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Don Green who wrote (18754)6/25/2001 5:33:39 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 30051
 
new Japanese Prime Minister is gonna let some big banks fail
the public wants no more bandaids, no more wasted debt
Daiwa most likely to be allowed to fail
its holdings are as big as two large NYC banks

of course, their govt might refute the platform upon which the PM ran on
- no more bank bailouts
- no more propping up stock market
- no more economic stimulus packages

we will see
the older Japanese political entrenched have been discredited
same old same old might not wash any longer
debt is incredibly weighty

trivia: what two nations have the highest per capita debt in the world ???

/ JW

answer: Japan and Saudi Arabia