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To: TobagoJack who wrote (930)	11/24/2000 10:52:56 PM
From: westpacific	Respond to of 74559

Jay - very responsive information for the Global Economy! And many Americans have their head in the sand when it comes to foreign politics, economics and news. Not like other parts of the world that understand the inter-relatioship of the new Global Economy. The fact is that this whole play for 2001 hinges on many global factors not seen before in the history of an ever more cyber connected world. The experiment in the Euro, the falling of communism (and its ongoing struggle to overcome poverty and corruption), the socialist political growth in free market economies, the power of OPEC and an ever more reliant world thrust for oil, the impending currency crises in oil import countries (Tiwain, S. Korea, India)... Overall we are all more one big family everyday. Great to have you perspective on the goings-on in the Asian part of the globe. Thanks for the input on the thread. West

To: TobagoJack who wrote (930)	11/25/2000 1:00:33 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 74559

, the crisis, should it go as I fear, it may boost US$ initially as folks run blindly to what is the safest at the moment, Thanks for the heads-up on activities in Taiwan, Jay.. And I think your prognosis is pretty sound with regard to how the US$ will intially react and the impact that will have with US exporters. In such a case where the dollar has risen even higher, it would likely be beneficial to find some other nations selling dollars to prop up their own currencies, and we might see the Fed joining in. So long as the US retains that 2.7% overall growth, the US budget surplus should provide a buffer against a wholesale attack on the US$. Regards, Ron

To: TobagoJack who wrote (930)	11/26/2000 1:14:10 AM
From: energyplay	Read Replies (1) \| Respond to of 74559

Mr. Chen - I thought that going into the last Asian currency crisis, that Taiwan was holding about 80 Billion in USD equivalnet foriegn currency in various forms, which menat that the New Taiwan Dollar only had about a 10% devaluation after about 6 months (my memory is not exact). Is this money still there, or has it been used to pay for oil or invested elsewhere ? A Taiwan currency crisis would really messup the Semiconductor industry, and the SOX index. Taiwan makes wafer, does much of the complex packaging for high end chips (ball grid arrays, etc.) and build many of the boards for many diffent products. Big companies like TSMC & Intel will have easy access to capital, but many much smaller companies are key parts of the manufacturing chain.