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Pastimes : Ask Mohan about the Market

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To: Rmn who wrote (12095)	12/22/1997 8:26:00 AM
From: tekgk	Read Replies (1) of 18056

Ramsey, I have been watching the China situation as well. I have found lots of verbal confirmation as well as posts on SI but I can't find anything on any news services regarding the interest rate drop. This kind of an interest rate drop spells serious trouble for the yuan. It was China that started this whole competitive currency devaluation in Asia. If round 2 is about to begin I am going to move my sharp drop scenario forward just like Zeev to now from end of January. My drop timing was mostly related to IPO's, earnings problems and Central Bank sales of US paper.

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