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To: GST who wrote (74767)	8/19/1999 10:19:00 PM
From: TraderTerry	Read Replies (1) \| Respond to of 164684

China devaluation - A new worry on the horizon :-) Doubt it will happen till early next year. However looks like the markets are soon going to be spooked by it... biz.yahoo.com

To: GST who wrote (74767)	8/20/1999 10:15:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>Do you know how they measure size? << Gst, yes I know. I hope this is a sign that the Japanese are finally going to clean their sheets. I have a home right here on the La Costa golf course. A Japanese group bought it for over $250 mil about 8 years ago. Right now, I'm told its only worth $100 mil. The point is, there's some Japanese bank holding this bad loan. In our system, this loan would have already been called or a cash infusion demanded. Ps Your absolutely right. We measure assets - liabilities. The Japanese haven't been reporting their bad loans as current liabilities.