Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Oeconomicus who wrote (12485)	8/8/1998 11:51:00 PM
From: Joey Two-Cents	Read Replies (2) of 18691

Bob, Seems like we're day's away from a Chinese devaluation As China tries to deal with their slowing economy, floods and rising unemployment Japan heads towards the economic abysss. The list of countries in financial trouble is getting to long to print. The buzz word in the next 6 months will be derrivatives. There are over $ 20 trillion in derrivative contracts that have yet come due. The losses that these banks (CCI, JPM, BT & CMB) will incur by the unravelling (non-payment by contracting party)of these instruments will be staggering. With the Asian (soon to be South American) crisis, US recession and Y2K look for a dow 2000 in the year 2000. Also, look for a Taiwan grab by China. Might as well do it while they can catch the President with his pants down (again). It's always good to subdue the masses with a war. Mexico drops on Moodys comments. biz.yahoo.com Bank of Canada intervenes to support C$ biz.yahoo.com Hong Kong falls on devaluation worries biz.yahoo.com Vietnam devalues dailynews.yahoo.com Indonesian economy to contract 15% this year. dailynews.yahoo.com Japanese unemployment highest in 22 years. satellite.nikkei.co.jp Asian crisis continues to deepen wsws.org

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