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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (8542)	10/30/1997 1:44:00 AM
From: Mark Nelson	Respond to of 94695

<Do you think it is probable that the crumbling of Asian economies could cause a world wide recession or the d word.> Maybe worse, much worse. Someone asked, "What if there were a run on banks?" My take on that was that if one were to try to retain asset value in context of world wide currency devaluation, one would try to switch out of currency, equities, debt instruments etc. and into anything that could conceivably retain value, gold or real estate maybe. It's scary to think of things getting that out of hand but it could happen if there were enough momentum to get the snowball rolling. Mark It's late. Let's call it a night.