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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?


To: Peter Singleton who wrote (52)9/8/1998 9:05:00 AM
From: Henry Volquardsen  Read Replies (1) | Respond to of 2794
 
why not take Miyazawa at his word re: LTCB and the risks to the financial system.

experience and cynicism.

these are not new players to arena. We have seen Miyazawa and have been able to observe his rhetoric in the past. Also if Miyazawa was being genuine about his assessment why is it that his administration in Japan is doing very little to shore up the banking system? Also Miyazawa does not use that kind of language at home, he uses it when he is in the US. Kind of makes me think the intended audience was American. But then I am a cynic.

I disagree with the analogy to an imagined request for US involvement in Europe in 1939. I watch the international markets pretty closely. Yes their are serious issues but we are not facing a global disaster scenario, imo. But in the case of both gentleman I would be more disposed to listening to them if their scare words were accompanied by any action. Their lack of action speaks to less concern. Miyazawa was pan handling not being a statesman.