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.

Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: pass pass who wrote (48619)	6/15/2003 11:38:06 PM
From: Larry S.	Read Replies (2) \| Respond to of 53068

PP, perhaps you could share with us what is going wrong in Japan since you seem to be so well acquainted with the situation. To me, one of the big problems has been the interlocking ownership of corporate stock, which is carried on the books at the original purchase price, not marked to market. The banks are carrying valuations of other companies stocks that are based on cuckooclockland evaluations. If the banks equity was marked to market, very few of the banks would have anything close to the required equity. that is part of the denial i was referring to. larry

To: pass pass who wrote (48619)	6/15/2003 11:59:42 PM
From: Carl Worth	Read Replies (1) \| Respond to of 53068

again, tell me where i am in error....while i don't agree that i need friends from japan to understand what goes on there and why it is different from the US, i am certainly interested in where i may be incorrect in what i posted as an example, what is the average consumer debt load of a japanese household in terms of percentage of yearly income? my impression is that it is much lower than in the US...that is not a guess, that is what i have read, and i have read many articles comparing japan and the US because people are always comparing our nasdaq "crash" to the fall of the nikkei and trying to say that the nasdaq will follow the same path the nikkei has (clearly i disagree with this assertion)...if my understanding of that difference is correct, the US is much more likely to enjoy economic growth and more rapid economic rebounds because, as demonstrated over the past three years, healthy consumer spending is the most important part of our economy, and while families having as much debt as they do is not a good thing for those households which suffer a layoff or other financial crisis, by and large it contributes to our economy's strength and provides the demand which disproves the last quote in that story, as i noted earlier carl