Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (97802)	11/19/2002 2:25:25 PM
From: Tommaso	Read Replies (2) \| Respond to of 132070

And as far as I know the Japanese companies never have sunk back to a decent P/E. When Templeton was first buying them in the 1960s, he was getting major companies at P/Es of under 3. I admit at this point whatever is going on in Japan is so foreign to my understanding of economics and finance that I just can't follow it. Sounds like basically everything is frozen up because neither debtors nor creditors are willing to lose face by admitting that the debts contracted during the real estate and stock bubble simply cannot be paid off.