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Pastimes : Ask Mohan about the Market

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To: Rational who wrote (8329)11/18/1997 6:30:00 AM
From: John Hunt  Read Replies (1) of 18056
 
Dines Letter (Nov 10) - Latest On Currencies

gold-eagle.com

<<< In Thailand alone, some $40 billion of private foreign-currency debts fall due in the next 12 months. And rumors circulate in Bangkok of a moratorium on debt payments. This would sting Japanese banks, still struggling to cope with their domestic bad loans. In all, such worries could give an already shaky Japanese stock market the vapors. Last year, Japanese companies invested about $5.7 billion in factories or property developments in Thailand, Malaysia, Indonesia and the Philippines. >>>

Some interesting points in the article.

John

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