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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Stefan who wrote (47917)	2/19/1999 12:47:00 PM
From: Thomas M.	Respond to of 132070

<<< China's bad bank debts are staggeringly large, totaling about 40 percent of gross national product, compared with 3 percent in the United States during the savings and loan crisis. Nonperforming loans (those that are not being paid back) are about 25 percent of the total at the big banks, significantly higher than in other countries when they were hit by the crisis. >>> Also, hog prices going from 80&#162 to 17&#162 is amazing. I like Abby's comment that cheap money has no part of our success. I guess our huge debt/GDP ratio has escaped her omniscient vision. Tom