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Technology Stocks : America On-Line (AOL)
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To: Cyrus who wrote (2601)1/14/1999 12:55:00 AM
From: Chuzzlewit  Read Replies (2) of 41369
 
Cyrus, I am convinced you are correct. Brazil by itself isn't significant, but the problem is that the economic woes could easily transfer to other SA economies and to Mexico. This is potentially a very dangerous situation. As I recall, Mexico is our second biggest trading partner (behind Canada). The culprit here seems to be very weak commodity prices -- oil in particular. Furthermore, given the relatively low demand for oil, it seems likely that that the response from these countries will likely be to pump more oil, exacerbating the problem.

I think we can expect decisive action on the part of the IMF very soon.

TTFN,
CTC
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