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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (5500)2/6/2002 11:23:53 AM
From: Raymond Duray  Read Replies (1) | Respond to of 33421
 
JAPAN GOES GOLDEN

Hawk,

Today's "Morning Edition" on NPR had a lead segment on the Japanese recession and the hoarding of gold. According to the article, many Japanese citizens have lost faith in their fiat currency and are hoarding not only gold but also dollars and euros. The banks are under extreme pressure because declines in the Nikkei are further eroding their assets in a time of dire crisis. What a mess.

Ray