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 : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: John Sikora who wrote (47664)	7/12/1998 11:17:00 PM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 58727

Hashimoto has proven to be a detriment to moving Japan out of it's economic malaise, so I don't see why things are so much worse than 24 hours ago? I guess it's all perception.. yes it is all perception...but of what. Rubin has made it very clear that Japan needs to quickly move to take action on a number of issues...massive amounts of &yen &yen &yen in bad loans that Japanese banks are holding, tax cuts, yada yada yada. Hashimoto and Co. kept saying "yes okay, we will", "yes we will soon, we take it serious", "we really mean it now, we're going to do something", etcetera. But nothing ever really got done except for some plans for a "bridge bank", which was just a baby-step. Now that political malaise is replaced with political uncertainty, power struggles, etcetera, now how long will it take to get action? For now, solving the Japanese banking crisis is going onto the back burner, except for political grandstanding as the power shuffle gets underway. Rubin wanted action by today, July 12th. Did he get it.....maybe he did, but not exactly what he was looking for, not yet.