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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (7056)	2/1/1998 2:03:00 PM
From: PaulM	Respond to of 116764

Bobby, don't know much about Mexico or Canada except that Rubin & Co. are understandably concerned about currency crises spreading to our back yard and to major trading partners. But IMO there are so many potential implications of Asia for the U.S. People generally just focus on the most direct. A couple are..... 1. The Japanese bought lots of U.S./ Canadian real estate. What happens when they sell and prices go down? What about private loans in the U.S. for commercial real estate ventures? 2. The Japanese also invested in some U.S. stock, though as A. Cohen noted $ denominated assets haven't always had a terrific reputation. Have they sold or been selling? 3. Will the collapsing curencies result in a flood of cheap goods into the U.S. and will our businesses be able to compete? To say that we rely on the Japanese for production rather than a market begs the question of whether we will be able to compete in our own market. 4. Most of the world's largest banks are Japanese. When analysts say our exposure to Asia, and vice versa, isn't enormous you can bet their excluding Japan.