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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: tom who wrote (619)9/8/1998 2:32:00 PM
From: Paul Berliner  Read Replies (1) of 3536
 
I'd never trade on that data because the figures may be bogus - Most of those countries have lax accounting standards. Ex. the Peoples Bank of China said on 3/31 that non-performing loans were 10 - 11% of outstandings. Last month an audit revised the figure to 24%. I don't trust those crafty foreign banks as far as I can throw 'em. The IFR must be working with data that's practically worthless. They'll fudge anything not to have their sovereign debt downgraded.
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