Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: randy kay who wrote (11485)	12/13/1997 1:08:00 PM
From: Roderick Ciferri	Read Replies (2) of 94695

<<A group of international politicians bailing out any country that needs help sends the clear and dangerous message to other countries that there will always be a safety net.>> I agree with this...I can see bailing out Mexico, a country with which we actually have some fair trading rules...but Korea? Maybe I'm being a bit simplistic but if Korea is anything like protectionist Japan...what's the point? Is there really that much of a market to protect? IMHO, the billions we are going to spend to bail out SEA would be better spent shorting their currencies and stock markets till these protectionist countries cry uncle...then maybe bail them out in exchange for a real commitment to free trade -- not just lip service like weve been fighting for for years....let 'em bleed a little -- it's probably the only way to get their markets open in the long run... Rod

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