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Strategies & Market Trends : Waiting for the big Kahuna

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To: Philipp who wrote (26200)	9/2/1998 12:18:00 PM
From: Andeveron	Read Replies (1) of 94695

>> don't think that it can cause a serious banking crisis in Europe (Germany in particular) << I agree that the Russian situation will not cause a dent on the balance sheet of the German banks. The problem with Russia is, how much more money will it take before the country is stabilized. It's a money pit that the West will have to contend with for a long time. >> Asia is far more serious << Asia can and will eventually export their way out of their respective troubles. The question is, how long will it take the Tigers to regain their footing. Russia has no manufactured goods or technology that they can export and rely on commodities for their trade balance. When commodity prices fall, as they are doing now, this only makes the Russian situation more untenable. >> Yeltsin has no longer any support in the population << Looks like Armageddon may take place in Russia sooner than later.

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