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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?


To: Worswick who wrote (1011)5/15/2000 1:27:00 AM
From: reid brandon  Respond to of 2794
 
From another board...
From Robert Hitt, AstroEcon 05/13/00
"The Chinese factor
The Chinese head of forex trading was reported to have committed suicide last Thursday. Insiders tell me that this
is a sign of something. Something VERY BIG. Could China be the equivalent of Russia in 1998 and take down the
world derivative markets? The big down day last Friday in the USD may have been due to rumors to that effect.
The actual cause of the suicide may never be known but the coming week should give us clues if the Chinese are on
the wrong side of a position. I don't discount a surprise attack on Taiwan either as a reason for the suicide."

Lets hope it isn't a derivative gone sour (remember Orange County? you think that was bad wait till Japan or China fails in a large derivative! They will have more than loss of face.)

see:
Message 13710283