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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (3336)	11/9/1997 12:04:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 10921

David: I have been reading the last few posts here and am still amazed to see that the current situation is viewed as a temporary blip on the screen. I have just read that from the 30 largets Korean "Conglomerates" a grand total of 7 have already bit the dust this year (filled for CH 11 or worst). This leaves the Korean with about $28 Bill of loans to these companies which no one knows if and when they will become current and how much will have to be written off. Of the total debt of about $200 Bill on the banks' book there, a full 20% is now classified as non performing. South Korea is not just a small country somewhere around the rim, it is the 11th largest economy in the world with a combined GNP larger than that of Indonesia, Thailand and Malaysia. A lot of their investments have migrated to other countries within the rim and these investments may have to be put into the pending class. I for one still think that the recent decline in the semi caps is just the first shot over the bow and a lot more blood is going to run before it is ended. My time horizons "hope" for a bottom not too far in the future, but my "not too far" (around the middle of 1998) may not be soon enough for most posters on this thread. Zeev

To: LLCF who wrote (3336)	11/9/1997 1:13:00 PM
From: Sam Citron	Respond to of 10921

Any C-Spanners know if FT vote will be televised or what time it will be held? SC

To: LLCF who wrote (3336)	11/9/1997 1:30:00 PM
From: Sam Citron	Read Replies (2) \| Respond to of 10921

DAK, "Saw George Will on his Sunday morning news show saying: "Free trade hurts certain groups in the economy" which is like Marx admitting that free enterprise isnt all bad." As anyone who has ever got past Ec 10 must know, the issue isn't that there are both winners and losers (which there certainly are to almost all economic policies), but whether the net gain to society is such that the winners can afford to compensate losers so that we are all made better off. Now it seems that even the interests of Pakistani children, who weave some of the finest rugs in the world, must be considered. Is it paternalistic or an affront on the perogatives of sovereignty to preach to LDCs about issues like what is the age that children ought attain before they may produce export goods? Is it incongrous to insist on protections for intellectual property but not for human rights, child labor practices or the environment? Is it reasonable to suggest that there should be a universal age for child labor strictures to apply for all countries, whether "developed" or "developing"? How might it have affected the economic growth of the developed nations if they were told to ascribe to such standards perhaps 100 years ago when we were at a comparable level of economic development? SC