More Dalio

[M.W.]

I think you got caught up in a bad Japanese manga.

Another media artifact of the time. The fictional Nakatomi building from a blockbuster movie. Note, the Japs were benevolent masters. Europeans were the enemy. A time when everyone in America watched the same handful of movies. All reflected the mores of the era.

Japs had incredible penetration in the American Urban psyche. And, we celebrated them. We thought they could make us better people. Unless of course, you worked in a car factory in the rust belt.

Most of you kids can't really imagine how close that cultural/commercial integration with Japan was. You live in a fragmented world full of revisionist histories and Communist propaganda.

 

[M.W.]

Wtf are you talking about? Nobody outside of finance has ever heard of the likes of Nomura until Lehman went down and some of its Asian deadbeat assets were bought by Nomura. Soon after it realized that it had zero appetite to take on more risk and shut down all formerly acquired trading ops from Lehman in Asia. Nobody has ever heard of MUFJ or other Japanese banks.

I think you are glorifying the former Japanese might well beyond what it was capable of.

So let's talk stats. Below shows the range of sector compositions of the SP500. I couldn't find the 1980s. But, I bet we were around the 20%'s. We can say US is a very financialized economy.

But in spite of this, the Japanese banks were making inroads to high finance. After Salomon bros, people weren't gunning for GS. They wanted to go to Nomura. I bet we have alumni here on ET. Wall Street has habit of using smart people and spitting them out with no chance of returning to the big leagues. Cheaper to get an Ivy League MBA who will work for peanuts (relatively).

Chinese banking is a joke. They are just a factory. The Japanese had a hand in every facet of deal making. And, did I mention we wanted to be like them?

View attachment 289605

 

[xandman]

Wtf are you talking about? Nobody outside of finance has ever heard of the likes of Nomura until Lehman went down and some of its Asian deadbeat assets were bought by Nomura. Soon after it realized that it had zero appetite to take on more risk and shut down all formerly acquired trading ops from Lehman in Asia. Nobody has ever heard of MUFJ or other Japanese banks.

I think you are glorifying the former Japanese might well beyond what it was capable of.

Let's keep this short. Check the date of the book.

The House of Nomura: The Inside Story of the Legendary Japanese Financial Dynasty

 

[M.W.]

They ARE superior over every other race, but the big advantage they have going for them is that they quietly enjoy it, they don't brag about it and don't aim to dominate the world. But in almost every respect of life they are far more superior than European or North American cultures and societies.

@xandman, what about the racism of the Japanese people against everybody else, ie. the superiority complex they had or still have over all other "races"? They, as a whole nation, even prefer to go extinct (ie. die-out) before letting any migrants into their alleged sacred country... Ie. "pure blood" etc... They are IMO a sick racist nation.

 

[earth_imperator]

They ARE superior over every other race, but the big advantage they have going for them is that they quietly enjoy it, they don't brag about it and don't aim to dominate the world. But in almost every respect of life they are far more superior than European or North American cultures and societies.

WOW! They themselves might think so, but I think they are not superior, just a few years ahead of the others in technological development, therefore just a bunch of sicko racists, nothing more.

 

[M.W.]

Bullshit book, I checked it a while ago. Nomura was always a shit yet domestically powerful brokerage house that had no qualms to be knee-deep involved in corruption, buying favors with politicians and working with the yakuza. For decades. It's a company that is greatly opposed to women in leadership, with old farts chain smoking and hacking out borderline illegal and unlawful dead with some crappy companies all motivated to compete with GS and MS in Japan. One of the potentially worst companies to ever work for. I was in Japan for over a decade and worked in exactly that industry and heard tons of stories about Nomura and Daiwa. Nothing glorious about them whatsoever.

Let's keep this short. Check the date of the book.

The House of Nomura: The Inside Story of the Legendary Japanese Financial Dynasty

 

[M.W.]

Well, that's your opinion. You probably have never lived there or are not married to any of them or have never spent a significant enough amount of time with any of them in order to make your judgment in any way meaningful...

WOW! They themselves might think so, but I think they are not superior, just a few years ahead of the others in technological development, therefore just a bunch of sicko racists, nothing more.

 

[xandman]

Bullshit book, I checked it a while ago. Nomura was always a shit yet domestically powerful brokerage house that had no qualms to be knee-deep involved in corruption, buying favors with politicians and working with the yakuza. For decades. It's a company that is greatly opposed to women in leadership, with old farts chain smoking and hacking out borderline illegal and unlawful dead with some crappy companies all motivated to compete with GS and MS in Japan. One of the potentially worst companies to ever work for. I was in Japan for over a decade and worked in exactly that industry and heard tons of stories about Nomura and Daiwa. Nothing glorious about them whatsoever.

What years? After the implosion?

 

[murray t turtle]

So let's talk stats. Below shows the range of sector compositions of the SP500. I couldn't find the 1980s. But, I bet we were around the 20%'s. We can say US is a very financialized economy.

But in spite of this, the Japanese banks were making inroads to high finance. After Salomon bros, people weren't gunning for GS. They wanted to go to Nomura. I bet we have alumni here on ET. Wall Street has habit of using smart people and spitting them out with no chance of returning to the big leagues. Cheaper to get an Ivy League MBA who will work for peanuts (relatively).

Chinese banking is a joke. They are just a factory. The Japanese had a hand in every facet of deal making. And, did I mention we wanted to be like them?

View attachment 289605

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FUN to look @ auto prices in the 1930s[new + used];+guns which were much much cheaper/ are now worth more/amazing prices on old autos + guns..........................................................................

 

[M.W.]

Way before the financial crisis and in the aftermath of the financial crisis.

What years? After the implosion?