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Strategies & Market Trends : Waiting for the big Kahuna

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To: Philipp who wrote (26212)	9/2/1998 11:47:00 AM
From: P.T.Burnem	Read Replies (1) of 94695

~$100B in bad loans is irrelevant? Sorry, it is now. Most of that has been written off a long time ago. Says who? Is this what Kohl's telling to German voters? Everything was just fine when Russia signed an agreement with the IMF in July. Btw, the 100B estimate does not include ~70B in bad loans to the Soviet Union. Take a look at what happened to money-center banks and other financials since Russia defaulted on its debt. PTB

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