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Strategies & Market Trends : Asia Forum

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To: Worswick who wrote (2682)	3/18/1998 1:22:00 AM
From: B Tate	of 9980

Worswick I agree that Jess is correct. The problem is IF we have a choice, would we choose the short term benefits of regional currency stabilization or the longer term free market reforms. Compelling arguments can and are being heard from all sides. For my two cents worth I believe in the long term solution of freeing up the economic situation with substantial reforms. I believe this will help in rebuilding AFTER the inevitable crash of regional currencies. Debate of the theoretical financial issues and rhetoric aside, these currencies are going to fall no matter what China does. Might as well get it over with. Reality is still only a fleeting thought in the region, with the possible exception of Thailand. Just another opinion FWIW. bt

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