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To: Time Traveler who wrote (42004)12/11/1997 6:15:00 PM
From: Kealoha  Respond to of 186894
 
John Wang: you are right brah. China is cooking and buying plenty of INTC chips and ERICY telcom equipment etc. in a drive to export more they will all be using more FDX. This is way overblown. The scene in China dwarfs the rest and Japan has been depressed for most of the 1990s. Why is this all news??? The press needs news, gotta fill time and it breeds on itself.



To: Time Traveler who wrote (42004)12/11/1997 6:20:00 PM
From: exhon2004  Read Replies (2) | Respond to of 186894
 
John:

re <<As I understand, this crisis is only affecting Malaysia, Thailand, and South Korea.>>

There are concerns that Japanese banks could be holding up to half a trillion dollars in bad loans. The Chinese situation is reported to be up to two hundred billion in non performing loans. How Japan and China respond to this is certainly of some concern to all of us.

I have been saying for two years that there are deflationary forces at work in the global economy. I've also never experienced the downside of this phenomena. If these Asian markets start cranking out products in markets that are grossly oversupplied already we may all get to see a deflationary spiral first hand.

Maybe that's why Buffet went to bonds.

Best Regards,

Greg Gimelli