Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Marconi who wrote (14932)	10/29/1998 10:13:00 PM
From: Joey Two-Cents	Read Replies (3) of 18691

Marconi, It appears from all accounts that China may be ready to devalue. If they do, can Brazil be far behind? Some news of the evening: So far 3Q earning down 3.4%, worse since 1991 recession biz.yahoo.com Brazil market down 4% outflows of $ 1B most since Sept. 11 biz.yahoo.com Deutsche Bank takes hit news.bbc.co.uk Russia's 2nd largest bank closes news.bbc.co.uk China closes all fx swap centres biz.yahoo.com Singapore economy worst in 13 years biz.yahoo.com Moody's cuts ratings on 5 Chinese ITIC's (International Trust and Investment Co's) as GITIC defaults on bonds. scmp.com HK faces $ 22B (HK$)loss as a result of ITIC's defaults. scmp.com

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