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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 9:30 AM EST
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To: dougjn who wrote (15113)9/17/1998 1:06:00 PM
From: gdichaz  Read Replies (1) of 152472
 
To Doug: To try to be clear. I see zero impact of any Fed rate reduction on Japan or anywhere outside US. What these countries do themselves is what will count. Actually, all the tea leaves signs seem to indicate that Japan is very very slowly (as usual) beginning to arrive at that marvelous Japanese cultural act - a "consensu" re a bank bail out. My concern is more re a debacle in Latin America. There Soros and others can destroy their attempts to save themselves more easily - sadly IMO. Also just for the drill, having watched the IMF set up stupid wrong headed conditions in Latin America in the past - such as forcing major price increases in food and gasoline - I have zero confidence in the IMF doing anything other than making a bad situation in Brazil and Mexico worse. Hope I am wrong. But IMF past track record terrible in Latin America IMO. All just IMO of course but based on some experience with IMF past actions in Colombia, Venezuela, and elsewhere in LA. Chaz
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