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Strategies & Market Trends : Asia Forum
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To: Dayuhan who wrote (7363)11/2/1998 9:53:00 AM
From: Paul Berliner  Read Replies (1) of 9980
 
The Goldman outlook on the peso is quite pessimistic, though the data coming from the banking sector seems to warrant it. Non performing loans have doubled from 5% to over 10% of outstandings recently.
When the Soros' and Robertsons regroup from their recent heavy losses, they will resume the regional attack on overvalued currencies.
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