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To: Rarebird who wrote (40060)9/6/1999 8:16:00 AM
From: Rarebird  Read Replies (1) | Respond to of 116796
 
Pictures of a Stock Market Mania:

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To: Rarebird who wrote (40060)9/6/1999 8:22:00 AM
From: Rarebird  Respond to of 116796
 
China Buys Time to Stave off Devaluation:


By Bill Savadove

SHANGHAI, Sept 5 (Reuters) - China has bought itself some time to hold off a currency devaluation with a new economic stimulus plan, but economists feel the real test will come next year.

"We are expecting a devaluation in the first quarter of next year," said Kate O'Donoghue, regional economist for Barclay's Capital in Singapore.

"It is almost inevitable because of the imbalances in the Chinese economy caused by current methods of attempting to support growth."

marketwatch.newsalert.com






To: Rarebird who wrote (40060)9/6/1999 8:24:00 AM
From: Rarebird  Respond to of 116796
 
Mexico bank bailout totals 19.3 pct of GDP

MEXICO CITY, Sept 3 (Reuters) - Mexico estimated on Friday that the fiscal cost of the bank bailout would be equivalent to 19.3 percent of the country's Gross Domestic Product (GDP).

marketwatch.newsalert.com



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