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Pastimes : Ask Mohan about the Market
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To: John Hunt who wrote (16013)7/20/1998 3:09:00 PM
From: yard_man  Read Replies (1) of 18056
 
>>It isn't Russia, Korea, Japan or any other nation that happens to be on the receiving end of the
billions. That money won't be infused directly into any of those countries' economic arteries.

The real beneficiaries are banks. American banks. German banks. Argentinian banks.
Whichever banks happened to be daring enough to invest in countries like this through either the
direct purchase of the sovereign debt or through investments in financial institutions. <<

Got that one right!
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