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To: robnhood who wrote (8223)10/8/1998 8:36:00 PM
From: Joseph G.  Respond to of 86076
 
<<He said as part of this, the massive debtor status of the United States will be looked at by markets more closely, which in turn could affect the course of the dollar.

At the end of last year, the United States had net debts of $1.2235 trillion.>>

That's real money, not market cap. Do you think they take it in AMZN and CSCO stock? -g-



To: robnhood who wrote (8223)10/8/1998 8:53:00 PM
From: Defrocked  Respond to of 86076
 
Amazing quote with several comingled undercurrents:

(1) Economic sleight-of-hand...point out US problems
rather than draw continued attention to Japanese
intransigence on curing banking problems.

(2) "...people find good reason to leave the party
and go home" Tacit admission that genuine economic
problems, not just short sellers and hedge funds, can
create "good reasons" to exit a market.

(3) "The United States is no exception." True. Neither is Japan.


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