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 : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Mark Myword who wrote (3936)	5/28/1998 9:14:00 AM
From: MikeM54321	Read Replies (2) \| Respond to of 9980

William, From the facts I have read, I think their debt crisis is solvable. Remember the United States debacle, the S&L Crisis. Well it was solved very quickly on the backs of Americans and something called a "fire" sale. Our government moved right in and took control and put that disaster behind us. Japan can do the same thing. Only they won't do it. It's not an economic problem, it's a social one. How many foreign countries came to the aid of the US when we had our S&L crisis? I could be wrong, but I don't recall any. Did we even have close to the savings the Japanese do? I don't think any nation in economic history has. Did anyone promote the buying of US goods to help us out? Again, I could be wrong, but I don't recall that happening either. Now their debt crisis appears to be working to their advantage. Scaring people into thinking they need to export more and pushing for greater IMF funding in order for them to get their money back. Their goal is to export, export, export. Ironically, that is how the Asian troubles began. Japan, inadvertently set up the Tigers for a fall. I guess the comments by the 5 Japanese business leaders irked me into having an "opinion" on this subject. Remember one even said China devaluing would be "good." MikeM(From Florida)