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Politics : Idea Of The Day

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To: Tom Trader who wrote (15953)	12/26/1997 10:43:00 AM
From: j g cordes	of 50167

Thanks TT, a long time ago I reported on industrial development in Singapore and Hong Kong for a well known and timely magazine... that bit of self puffery aside, your friend has the nuts of this dilemma, which is its evolving and the spreading out of effects will be more pronounced once companies are able to see what's happening after its happened. Iqbal's comments on the poor Forbes article as being shallow are correct, yet one must bear in mind that the damage already done is substantial... KLIC for example is now at 17 3/4 from a high of 58 3/8ths. That's equity devastation in my book... and no amount of glossing can hide these losses. A point which is perhaps not worthy of discussion but needs to be addressed anyway is the traditional emnity between Japan and S.Korea. I am hard pressed to see how there will be a generosity of banking spirit for Japan to help S. Korea any more than the least amount needed to help itself. Jim

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