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: Zeev Hed who wrote (5996)	8/29/1998 5:48:00 PM
From: Joseph G.	Respond to of 9980

This is called "beggar thy neighbor". It stops when everybody's broke.

To: Zeev Hed who wrote (5996)	8/29/1998 6:23:00 PM
From: Michael Sphar	Read Replies (1) \| Respond to of 9980

First German banks do a Full Monty thanks in large part due to their customers in Moscow, then export declines poor fuel on the fire. Then the EU alchemists convert everyone's currencies in a grand experiment into a unified coin, then the fun begins. The Korean DRAM export engine is $15 - $20 billion behind the power curve and at less than a buck a megabyte falling further and further behind the more they ship. Hopeless. Unless a new version of Windows comes along requiring immediate upgrade to 1 gigabyte minimum and everyone is required to upgrade immediately. Maybe some fatal flaw can be discovered in Win95/98 that will cause it to expire with the Y2K event ? Microsofties are probably licking their chops over this.

To: Zeev Hed who wrote (5996)	8/29/1998 6:25:00 PM
From: Michael Sphar	Read Replies (1) \| Respond to of 9980

My zucchini (I'm a westcoaster) sez the whole decline is over by January.

To: Zeev Hed who wrote (5996)	8/30/1998 6:45:00 AM
From: Stitch	Read Replies (1) \| Respond to of 9980

Zeev, <<If Japan could just turn itself around, it could be enough to absorb some of this supply. >> Don't count on it too soon if there is any truth in this article. nypostonline.com excerpt: Marty Whitman is made of sterner stuff. You may remember that back in mid-June I had spoken to the veteran distressed securities investor about his investment in the Long Term Credit Bank of Japan. At the time, his funds' average cost in LTCB was around 140 yen. On Friday the bank's shares closed at 54 yen. That is pain. When I called him back this week, Marty said he wanted to put off any comments on LTCB until next week, when I guess the fate of the current version of the Japanese government's rescue plan for the bank will become clearer. He did, however have something to say about how the workout process is proceeding in Japan. It isn't. "I was at a conference (on the Japanese bad-debt problem) in July, with senior Japanese officials and the American officials who are giving them advice. Neither side knew what it was doing, but the Americans were more arrogant", he said.