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To: Smart_Money who wrote (42938)2/6/2002 6:19:54 PM
From: Teri Garner  Read Replies (3) | Respond to of 208838
 
The Panic Spreads

Benjamin Fulford, Forbes Magazine, 02.18.02

You can no longer safely shrug off Japan's economic crisis. It just might drag the world into a depression.

The world--and even the previously sanguine Japanese--is now catching on to the fact that Japan's 12-year slump has deteriorated into a full-blown crisis, threatening a wild global ride. Falloffs in various indicators in the world's second-largest economy resemble the plunge of countries like the U.S. into the Great Depression of the 1930s.

What about the theory that Japan is so rich a nation that it can buy its way out of a financial collapse? After all, it is said, the huge debt overhang from the country's rotten banking system and the actuarial deceit of its postal- and insurer-based retirement systems is just Japan owing itself. This is not Russia or Argentina or Thailand.

No, it's not Russia or Argentina. It is potentially something far worse.

forbes.com



To: Smart_Money who wrote (42938)2/6/2002 7:09:41 PM
From: Dave Gore  Read Replies (1) | Respond to of 208838
 
You know, CSCO really executed well. Really well. I just heard Chambers on CNBC and I can't think of a much better report than they gave. Sure, they was a little hesitancy in visibility but 14% after tax profit and improved margins of 4.5% in one quarter is petty phenomenal. Plus $21 billion in cash.

If CSCO doesn't rise tomorrow, than I am pretty sure the techs don't have much hope for awhile.