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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (16869)	10/29/1998 8:36:00 AM
From: Cynic 2005	Read Replies (1) of 18056

<<"Businessmen should not have a free insurance policy every time they take a risk in global markets. The Mexican bailout helped fuel the East Asian crisis that erupted two years later. It encouraged individuals and financial institutions to invest in the East Asian countries, and reassured them about currency risk by the belief that the IMF would bail them out if the unexpected happened and the exchange pegs broke. "By encouraging people to speculate with other people's money, the IMF has been a destabilizing factor in East Asia. Not so much because of the conditions it has imposed on its clients, whether good or bad, as by sheltering private financial institutions from the consequences of unwise investments." >> Agreed on that count. Then again they are calling for: <<..strengthening purchasing power, increasing corporate profitability and encouraging investment.>> Outlaw recessions? Is it possible to clean out excesses in the system with more excesses, like over-investment?

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