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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (1333)2/23/1999 4:22:00 PM
From: Freedom Fighter  Respond to of 1722
 
Porc,

I wrote a letter to Frank Shostak, author of "Money for Nothing" asking an unrelated question about Japanese consumption, savings, overcapacity and credit. He responded immediately. You may want to forward some of your criticisms of the Austrian view on Japan etc... to him for response. He seems very willing to discuss. His e-mail address is available in the article. I am sure he can explain the pluses and minuses of all the options, the symptoms, cures and disease in a fashion that would beneficial and better than I can.
Specifically the consumption vs. overcapacity issue would be a good one.

Wayne



To: Freedom Fighter who wrote (1333)2/23/1999 8:03:00 PM
From: Mike M2  Read Replies (2) | Respond to of 1722
 
Wayne, Fannie Mae, Freddie Mac et. al. get their money from the credit markets. Their debt is backed by the US Treasury . My comments about non bank lenders were not limited to these two but they are the big players. Take a look at their balance sheets to see how little equity supports their assets ( loans). Mike


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