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Politics : Formerly About Applied Materials
AMAT 219.23-0.5%10:05 AM EST

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To: Katherine Derbyshire who wrote (23536)8/28/1998 2:54:00 PM
From: derek cao  Read Replies (2) of 70976
 
Off topic:

Re: In an unregulated market, as I've most often seen it defined, public companies are not required to disclose the kind of information they disclose in the US. Such a market is "free", but it isn't necessarily healthy, as Asia and Russia recently discovered.

You can use whatever definition you want. If you can find a creditable reference for your definition of "free market", I will be very thankful.

My questions: why private companies do not need disclosure? Is the "Public" in public company means anything to you?

Re: It seems to me that the Asian, and now Russian, markets got in trouble partly because they allowed free transfer of capital without putting in place the disclosure requirements that protect investors in the US.

I disagree. Sure, lack of transparency hurt economy development. However, IMHO, Russian's trouble was caused by the gap between "unlimited commitment" of government and limited revenue of their raw material export which is hammered by the aisa flu. And Aisa flu is caused by unsustainable saving rate of AVERAGE asia people.

Re:300% debt-to-equity ratio?

Which is caused by government intervention. Without government's back or IMF's, no people in their right mind will loan them the money.

derek

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