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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 142.60+2.1%3:59 PM EST
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To: w0z who wrote (3232)10/31/1997 11:49:00 AM
From: Sam Citron  Read Replies (1) of 10921
 
Bill,

One other point. While I think the Briefings article makes some great points, I wouldn't go too far in extending the analogy from Mexico to S.E. Asia. The '95 Mexican crisis threatened the solvency of a close US neighbor. US intervention to support the Peso helped prevent the crisis from spreading to Latin America. While the IMF and US have pledged today to help support Indonesia, the magnitude of the crash in SE Asia is far worse and has already quickly spread throughout the region. Also, while there might be plenty of rescuers eager to help out, the Economist points out that such eagerness to bail them out may have harmful moral hazards associated with it, by making SE Asian leaders more intransigent toward needed economic reforms.

SC
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