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.

Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?

To: Robert K. who wrote (5065)	12/11/1997 3:19:00 AM
From: Tharos	Respond to of 17367

Bob, Actually the Minister of Finance said he was considering selling Japanese bonds and using the stock the Japanese gvt holds as collateral for the new issue. He clearly stated that this money should be aimed at economic troubles not "pump priming."

To: Robert K. who wrote (5065)	12/11/1997 8:03:00 AM
From: Robert K.	Read Replies (1) \| Respond to of 17367

It took only 4 minutes.........and I quote................................................ .."The won fell its 10 percent limit against the dollar for the fourth day running today. It took a mere four minutes to plunge to 1,719.8 against the U.S. unit." ALS0-Japan has 560 some billion of BAD bank loans now and holds 24 billion or so of Korean loans. Another 24 billion could be the final nail in the coffin. Perhaps not. We have to see. The disaster secenario is nikki and yen start to tumble, us treasuries get unloaded, US interest rate climb, us stock market reacts. Tharos- whats the mood in japan? Word from Korea is everyone is looking around the house for foreign coins. People feel guilty just drinking coffee.