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To: Alex who wrote (21254)10/9/1998 10:57:00 AM
From: Bucky Katt  Read Replies (2) | Respond to of 116762
 
Alex--Japanese business closed out their fiscal year 30 Sept. The thinking is that a lot of co's will be forced into b/k, thus putting more pressure on Japanese banks, as these co's are finally liquidated (maybe) This whole yen-dollar thing is so obvious it shows how desperate the situation is.
Japanese firms start reporting end of Oct, thru first week of Nov.
If big Japanese banks start falling, they will also dump T-bills, and drag are markets down with them. I just don't see a way out this time.

Something else to think about for the future>>http://www.brillig.com/debt_clock/

There are 2 things that never rest--rust and compound interest



To: Alex who wrote (21254)10/13/1998 8:01:00 PM
From: Mark Bartlett  Read Replies (1) | Respond to of 116762
 
Alex,

Back from fishing ! ....

<<A secret agreement between the world's two economic superpowers, Japan and the US, lay behind the sudden dumping of the US dollar. >>

This does nor surprise me one bit. If Japan goes under, we are in big trouble .... and for a long time too.

MB


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