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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%Nov 26 3:59 PM EST

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To: Ramsey Su who wrote (6970)1/10/1998 12:22:00 PM
From: limtex  Read Replies (1) of 152472
 
ramsey -

100% right china IS the big one...the VERY BIG one....

what good do you think cash will do for you if china gets into trouble....most of the banks world wide will restrict cash withdrawals and transfers. there will be currency controls and a significant part of world trade will be temporarily (years) interupted.

There will be "quite a lot" of unemployment here in the west ( referred to as pain in the SE Asian context) ...more than we have seen in two generations.

In that scenario sooner or later, probably sooner one or more of the countries suffering most will become unstable and will start using all that military hardware agianst the most convenient local innocent and undefended scapegoat. If that scapegoat happens to be chinese (eg in Indonesia) .......well....

Relax and keep your favourites.
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