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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 282.58+8.6%Feb 6 9:30 AM EST

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To: tom pope who wrote (1697)12/6/1997 2:25:00 AM
From: Z Analyzer  Read Replies (1) of 9256
 
<<t 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.>>
Let's not forget that Korea, not the IMF is responsible for Korea's problem's. Korea asked for and got help which must mean they believe their prospects under IMF conditions are better than without assistance. Clearly the worst case would be to provide funds and allow the present course to continue. Just like a company that has run itself into bankruptcy, changes are clearly needed. And while not everyone may agree with the required changes, I would prefer to see them mandated by an organization which can be credited with a very successful Mexican bailout and which has never lost money on a loan. If countries have failed under IMF supervision, perhaps it is because not enough change occured. When talking of South America, equitable distribution of income comes to mind first.
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