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Technology Stocks : Cymer (CYMI)
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To: Mason Barge who wrote (9278)11/12/1997 4:45:00 PM
From: MRothaus1  Read Replies (2) of 25960
 
<<Guys, I hope all of you read Jess Beltz's earlier message, live from Hong Kong.>>

That was one very fine piece of reporting by Jess and I should have thanked him earlier when I read it. I forwarded his post to many friends.

He certainly scared the *!&% out of me about a pending SE Asia collapse. Never knew all that stuff about Hyundai and Korea.

I spoke with a Merrill Lynch broker and he agreed with Jess and added that "by Western standards, every Japanese bank is insolvent" and that the Japanese have been selling good investments to prop up bad investments. If things get worse, the Japanese hold 25% of the US debt and if they start selling that, we will feel some pain here.
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