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Strategies & Market Trends : Asia Forum

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To: Sam who wrote (6436)	9/16/1998 2:11:00 AM
From: Stitch	Read Replies (2) of 9980

Sam, <<So, rip into what I wrote. What is good about this article?>> Well, it reminded of how stupid suspenders look unless you are wearing waders. And it also prompted me to think a bit more about the whole range of difficulties involved. Truthfully Sam, I should have said in my last post that I thought Sachs was just a hair to the glib for an Economist article. It was more like what you might read in a Reader's Digest. I mean, even I could understand it. To:<<"We now need an international equivalent, to forestall panics in international lending.">> You wrote: <<This strikes me as nonsense.>> What then must we do? Your own post suggested in closing that we cannot afford to sit idly by. I suspect some kind of international governance is required. "International" in the sense that I suspect the G-7 with some outside strategic alliances could pull this off. Everyone else would pretty much have to follow. Note I say this without regard for the difficulties involved. Maybe the only way to even discuss it is to do so glibly if not gleefully. The difficulties in piecing anything like it together are enormous. Best & G Nite, Stitch

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