Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (6774)	8/7/2001 4:47:39 AM
From: Moominoid	Read Replies (1) of 74559

PRC's reserves are even bigger than Taiwan! PRC: 180.2 billion USD Hong Kong: 114.1 billion USD Taiwan 109.1 billion USD The Economist Aug 4th Those are the three biggest foreign reserve figures for the emerging markets. The takeover of East Germany cost a lot more than that IMO. And the German government had to raise the money. Soros saw this as a destabilizing factor that would lead to the pound (and lira) falling out of the ERM which was the reasoning behind his famous "coup" in 1992. David

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