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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (8800)	9/16/1998 12:14:00 AM
From: LTK007	Read Replies (2) of 29382

Sergio,Soros sounds a warning---it fits into is belief that the world is economy is a circulation system and the U.S. is the center of this system,but if the circulatory system dies so then will its heart-- Soros sees disaster ahead if changes aren't made.---from BBC.com He said countries should be rewarded for biting the bullet and confronting their problems - unlike Malaysia which has closed itself off to the world in a negative move that would hurt its neighbours. "If there is no reward for good behaviour, meltdowns will multiply," he said. He said the loan programmes of the IMF had so far not worked but urged the US Congress to pass the IMF funding bill the agency needs to continue its work. "Unless Congress is willing to support the IMF the disintegration of the global capitalist system will hurt US financial markets because we are the centre of the system." The remarkable prosperity of this country in the last decaade is coming apart at the seams," Mr Soros said. His testimony was similar to an article he wrote for the Wall Street Journal on Tuesday.

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