Monday, December 06, 2004

The Economist:  If the dollar falls by another 30%, as some predict, it would amount to the biggest default in history: not a conventional default on debt service, but default by stealth, wiping trillions off the value of foreigners' dollar assets. [John Robb's Weblog] This is interesting.  Most people in this country have no idea how scary the economy is right now.  Cross your fingers... 12:33:34 AM

IT firm Softbank aims to enter Japan's mobile sector as 3G grows (AFP). AFP - Japanese Internet firm Softbank said it aims to enter the mobile phone industry supplying third-generation (3G) services as more customers embrace the advanced technology. [Yahoo! News: Technology] This is interesting.  I still own quite a bit of Softbank stock.  I once sat in an analyst briefing where Softbank's CEO talked quite seriously about his 300-year business plan.  Other analysts sagely took notes, but since I worked for a Softbank subsidiary and had gotten to the briefing by dint of being an industry analayst for same subsidiary (which Softbank had bought for a astronomically inflated price - which in itself said allot about Softbanks's vision) and had heard Son's spiel before, I could only shake my head in wonder at the poor sods who actually believed this drivel. 12:27:22 AM