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.

Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: k.ramesh who wrote (5792)	1/7/1998 1:40:00 AM
From: Rational	Respond to of 27307

Ramesh: Japanese save a lot and export a lot. Their equity market has remained stagnant, except for great companies like Sony, Honda, Toyota. So they have been storing most of their money in US Treasury, stocks and bonds. << How come everyone expects the Japanese, or The foreign T bond holder etc.to act in unison ? >> This unanimous expectation is dangerous, IMO. As you are saying below, I am beginning to believe that some of these hedge funds are going to go Kaput. Many smarter money managers have reversed their positions. Yen is firming up against the US$ today, reversing its downward trend. A sudden pull-out from the US$ (by selling US bonds and stocks and converting to Asian currencies) can have a very rapid decline in asset values, as Greenspan has hinted. << By the way, Is there a risk to the system, if a Soros type big gun goes broke. It is quite possible for some of these hedge fund guys to to be on the wrong side of trades. >> << Somewhere I read that US bank exposure to Korea was $9 B. Would n't some currency traders be 1/10 th as big.>> US banks' exposure to Korea is low. But, the main problem is that Korean banks and companies have raised massive amounts of public debt in the open global markets. Sankar