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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 282.58

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Feb 6 9:30 AM EST

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To: Gus who wrote (1694)	12/5/1997 8:10:00 PM
From: tom pope	Read Replies (2) of 9256

Gus, that is the best analysis of the implications of the Asian meltdown that I've seen anywhere. Especially your point about the potentially disastrous consequences of the IMF's standard prescription of fiscal and monetary contraction as their preferred solution when countries get into international payments problems. It doesn't really matter when the IMF imposes its calvinist conditions on Ecuador (or whatever) and causes the country to tank for a decade. It will matter if it causes Southeast Asia plus Korea to fall into credit and asset contraction. Because that will ripple to the rest of the world.

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