10 cents on the dollar

pms laflame at mindspring.com
Mon Dec 14 22:47:40 PST 1998

greetings from domestic central,

Read in USA Today that ten bn. in US capital had flowed into Japan recently. A historical high, and 5x the 2bn invested by Japanese in US in the 80's, when it seemed they were buying a lot of stuff over here.

Apparently the brokerages, developers, REITS, and others who made a killing off the RTC liquidation sale, are doing a replay in Japan.

The 10 cents phrase was used by a Japanese observer quoted in the story. Methinks this development will create an interesting soup. Big Foot meets Godzilla.

Nighty-nite Paula

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