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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (6428)	9/14/2002 3:33:16 PM
From: sylvester80	Read Replies (1) \| Respond to of 89467

Thanks for your message. I have you down for 5475-7300 days. My bet is within the next 1800 days.

To: TobagoJack who wrote (6428)	9/14/2002 6:32:21 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

JayBird, who left the door open to allow you in? got a tough question for you, since you seem to have a much better grip on Asia and China than I do what is the risk of bank system failure in China? I have read only sketchy information 4 big banks in ROC hold 75% of the nation's lending business and 3 of 4 might be suffering from massive bad loans the Chinese deflation is a quiet dirty secret they overproduced on a wide scale the hitch in their gittalong is the transition from state subsidies until 1999... now to state bank formal loans the loans are now going bad on a national humongous level the borrowers are laughing at the banks in disbelief culturally, it is hard to go from handouts to repayment on loans, even if amortized gradually I would love to hear your take on this subject China is exporting deflation heavily now anything China does, it does big also, is it clear to you that the Chinese Central Bank is diversifying? in the spring I read they are diversifying reserves from 100% USTBonds to 1/3 each -- TBonds, EuroBonds, Gold thanks a bunch are you a closet Jackass? a Chinese Jackass? or just a Jackass Wannabee? / jim