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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Baldur Fjvlnisson who wrote (12437)	1/2/2002 11:16:08 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

>>One day the Japanese will stop buying bonds of the bankrupt U.S. << Oh, yeah? Heard the hell is freezing over first. Queen of England aka DJ

To: Baldur Fjvlnisson who wrote (12437)	1/2/2002 11:42:55 AM
From: carranza2	Read Replies (2) \| Respond to of 74559

Why? And where will they put their money? Railroad savings bonds paying .05%? The Japanese need to take strong medicine, but they are unwilling to do so. Seems to me that if the many bad loans are recognized and written off, Japanese banks may well sell off US investments (bonds). However, for reasons I don't understand, the Japanese have refused to take this obvious palliative despite the fact that it has been an option for many years. Undoubtedly a cultural thing. Bankrupt US? Please be serious.