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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (16099)8/1/1998 7:25:00 AM
From: John Hunt  Read Replies (1) of 18056
 
Study Predicts Impact of ' Asian Armageddon '

washingtonpost.com

<< Call it the Asian Armageddon scenario:

Instead of getting better, Asia's economic crisis just gets worse -- lots worse. Policy goofs in Tokyo trigger a run on Japanese markets. Several big Japanese banks go bust. The yen nose dives, China chops the value of its currency and other currencies in Asia plunge anew. And as what once was the most economically vibrant region in the world lurches into depression, a cash-strapped International Monetary Fund can do little more than watch.

If that nightmare were to become reality, how much would the rest of the industrialized world suffer? >>

Who wants to bet on a computer forecast?

John

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