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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (32285)	4/10/1999 1:21:00 AM
From: Bonnie Bear	Respond to of 86076

I picked up some weird stuff on Japan's financial problems from a couple different sources in early 97...I figured the kahuna was going to hit then. The authors, professors, were terribly concerned about the bad debt on the japanese banks.... 6T, maybe 60T with all the off-balance-sheet derivatives stuff left over from the Tokyo real estate bubble. Their prediction was that the world financial community would implode with a big sucking sound at the end of the Japanese fiscal year, some year, as several big banks failed together and disclosed the size of their losses...japan would dump its U.S. bond holdings, and our interest rates would soar. I don't think we've seen the end of Japan's troubles. this softbank stuff is interesting...I think they only have to compute the value of their inflated stock holdings on Mar 30 to keep out of bankruptcy..I wonder if we're going to see this as a seasonal event every year. It would take them a couple of weeks after the 30th to quietly distribute the garbage stock to joggers and truckdrivers. Rising interest rates would bankrupt our banks...so easy al keeps liquidating dumped bonds and faking CPI numbers until a recession comes along to help his cause.