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 : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (35716)	7/4/2003 2:37:38 AM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 74559

Hi Jay, I was under the impression that the Japanese banks did not have significant exposure to JGB, that the main holders of JGB were foreign banks, in particular SEAsian banks, and the Japanese Central Bank. The main problem for the Japanese banks were extraordinary holdings of equities, especially of those companies with whom the banks conducted business. Am I wrong? KJC

To: TobagoJack who wrote (35716)	7/4/2003 2:47:15 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<Events do not look promising now that Friedman is having second thoughts about his previous, and apparently unfounded, beliefs.> Milton or some other Friedman? Mq

To: TobagoJack who wrote (35716)	7/4/2003 7:00:24 AM
From: Ilaine	Read Replies (2) \| Respond to of 74559

Hi Jay - let me once more offer for the general reader Steven Keen's "Non-Linear Dynamics of Debt-Deflation," journal-ci.csse.monash.edu.au More by Keen here: debunking-economics.com You know, and I know, that as long as China maintains dollar/RMB parity where it is, Japan is going under, which will serve them right for what they did during WWII, correct? China, the world's newbie at globalized economics, will cause a greater depression than the US did - well, we did it several times but that's another story. You can't cooperate with nasty old bankers without losing your soul or at least your self-respect, but if you don't, you'll lose everything. Well, not Hong Kong, maybe. If you know how to make money shorting as well as going long. The above is speaking hypothetically, because I don't have a crystal ball. Over the short term, the US economy is strengthening. Mortgage rates bottomed out three weeks ago and bond rates are going up. I am doing my best to avoid debt-deflation by bankrupting anybody who asks. Jettison all debts, and avoid going under. Take on new debts only if the interest rate is ultra low. I was almost tempted by 8% lately but came to my senses and cancelled - financing a vacation, no credit check required. I always pay cash, but the terms were seductive. Cendant, who always figures out how to get little sips of blood from my system. I think I won't get the $99 processing fee back, so they go their blood meal anyway.

To: TobagoJack who wrote (35716)	7/4/2003 7:07:28 AM
From: Ilaine	Read Replies (1) \| Respond to of 74559

BTW, we just locked in our refi at 5.25%, no points. I am mildly ticked off at the dear husband, because we were offered 5.125%, no points, on 6/15 by the same company but he doesn't like to do business over the Internet, he says. Which is bogus, he buys and sells via eBay and Half.com on a daily basis. At any rate, he kept holding out hope that our present mortgage company would match the rate. I expect the yield on the 10 year and 30 year to go up over the next week, personally. So does our present loan officer, who was sorry to see us go.