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Pastimes : Ask Mohan about the Market

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To: Cynic 2005 who wrote (10062)	12/3/1997 5:57:00 PM
From: tekgk	of 18056

Mohan, From the Skeptical Investor link I posted a few days earlier: >>Point 1: Watch not only whether the crisis continues to spread geographically but also what is happening in those economies that receive IMF help. Todays results: "Asian currencies routed in plunge to record lows" "Thailand is struggling to fend off a further downgrade in its credit rating after Moody's Investors Service last week reduced its sovereign rating to only one level above a junk grade." afr.com.au IMF help is not working because this is a systemic problem not an isolated one country incident like Mexico was in 95. It's called massive over capacity coupled with poor wealth distribution and staggering debt.

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