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To: Jess Beltz who wrote (8592)11/7/1997 1:22:00 AM
From: mike  Read Replies (1) | Respond to of 25960
 
Glad to meet you Jess. My main concern is Hong Kong selling their t-bills. From my understanding the HK banks start having liquidy problems when the market falls in the 15000 to 16000 range which they reached tonight. The banks also have large investments in the other asian countries which have devalued. The problem with devaluation is that is feeds upon itself.



To: Jess Beltz who wrote (8592)11/7/1997 1:44:00 AM
From: mike  Read Replies (2) | Respond to of 25960
 
Responding to your comments. My DJ feed states that the banks and properties were being hurt the most as you suggested would. How low can HK afford to go in your view before a major problem?

mike