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To: Skeeter Bug who wrote (23897)	11/12/1997 2:16:00 AM
From: Tim McCormick	Read Replies (1) \| Respond to of 53903

Bug, I'm still long a block of Nov 40s-come to Papa! Tim

To: Skeeter Bug who wrote (23897)	11/12/1997 2:31:00 AM
From: Tim McCormick	Respond to of 53903

Bear food- Bad debts at Asian banks outside of Japan could rise to more than $500 billion by the middle of 1998, as Southeast Asia's currency crisis shifts to Northeast Asia, said Christopher Wood, an emerging markets strategist for Hong Kong-based Peregrine Group. The figure represents about 20 percent of all loans in nine Asian countries, he said. He said his $500 billion estimate of total bad loans doesn't take into account a deterioration in economic conditions in Hong Kong, where he now expects the level of non-performing loans to increase.