SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wayne Lian who wrote (33719)10/28/1997 6:16:00 AM
From: D.J.Smyth  Read Replies (1) of 58324
 
Wayne <<The market trouble is not confined to Hong Kong. It is already in Malaysia, Thailand, Indonesia, and the Philipines.

The market crash has profound effects on the economies.>>

the market trouble started in Singapore, Malaysia and Thailand then spread to Hong Kong. China's central authority began to jack up interest rates to fend off the currency traders who had succeeded in devaluing the currencies in its three neighbors. The economies there are not in shambles, only the valuations of currency. this speculation leads to consequent valuation of goods and services. If China lowers interest rates, Hong Kong will rebound from its lows. China needs to act switftly though. They raised interest rates to stem the flight of capital from Hong Kong to more stable nations such as the US. So if you can get 9.5% in HongKong why go for 6% in the US? nevertheless, Singapore's economy remains strong and their accounting practices closely parallel that of the US. Singapore will be able to stimulate any weakened knees there and help ameliorate the problems.

Again, this could be the "excuse" the feds were waiting for in order to reconfigure the world's monetary systems relative to exchange rates as they've threatened they would do if currency trading got out of hand.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News