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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (24338)10/29/1997 12:07:00 PM
From: Sam Citron  Read Replies (2) | Respond to of 132070
 
WM,

Even more interesting has been the reporting on Barton Biggs. According to Barrons (AA's latest column), Biggs, who has been correctly bearish on Asia right along, in the US "sees a garden variety bear market--a 20% to 30% decline--that could turn into a real ugly secular kind if the powers that be 'screw up'". On Charlie Rose Monday night, however, Morgan Stanley's Byron Wien said that Biggs sees our market as vulnerable only to tune of 20% (from the top). Both reports were dated Monday. Hmmm.

SC



To: Mike M2 who wrote (24338)10/30/1997 2:52:00 PM
From: Thomas M.  Read Replies (2) | Respond to of 132070
 
Here's a penny from me . . . We have a huge trade deficit, i.e. imports overwhelm exports. Thus, shouldn't the effect of this crisis be greater on imports? Cheaper imports will help us more than cheaper exports will hurt us.

Tom


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