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Technology Stocks : Dell Technologies Inc.

DELL 133.78

-0.1%

Nov 14 9:30 AM EST

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To: Mohan Marette who wrote (81137)	11/18/1998 5:03:00 PM
From: Chuzzlewit	Read Replies (1) of 176387

Mohan, I think you are exactly on target. Many believe that much of the money "earned" by tiger companies was in actuality dervided from differential lending rates and supported currencies like the baht. So you could borrow dollars and lend bhat. It goes to hell when the bhat nosedives and you don't have the wherewithall to repay the loan. Your business goes bankrupt, and lo and behold! it turns out that your profits were derived entirely from currency arbitrage. And this system only works because of cronyism between the government (who supported the currency), the banking system (who knew it was a house of cards), and the businesses (who used the "business" as a shell for currency trading). TTFN, CTC

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