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Strategies & Market Trends : HONG KONG

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To: WONG who wrote (2513)10/30/1998 5:10:00 PM
From: Jim McMannis  Read Replies (1) of 2951
 
RE:"Caught from another thread yesterday:

"...according to their sources 14 major banks, brokerage houses, and
hedge funds are in financial jeopardy. Three of these major players are
U.S. institutions. Banker's Trust was mentioned although not confirmed.
Anticipated fallout was in two weeks."
----
Only 14? Heck, we are home free. <G>

Bankers Trust has been shopped around Wall Street for a month now.
Lehman Brothers may be trade bait as well.
I also hear that Japan and China have been supporting the yen and buying gold to back it as a reserve currency. That would help the region, IMHO.
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