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

To: William H Huebl who wrote (10096)	11/20/1997 8:20:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Well Bill some more exiting news, Thursday November 20, 7:53 am Eastern Time Danger of depression haunts Asian market watchers By Sarah Davison HONG KONG, Nov 20 (Reuters) - The South Korean crisis has raised the spectre of repeated ''beggar-thy-neighbour'' devaluations that could ultimately lead to a liquidation of foreign assets by Japan, with severe knock-on effects in the United States and Europe. ''This would shatter the recent golden scenario of four percent world GDP (gross domestic product) growth and low inflation for the next two or three years. Instead, it would resurrect the ghosts of the 1930s depression,'' said Hugh Peyman, economist at Dresdner Kleinwort Benson. The situation is certainly ''unsettling,'' according to another economist. There are increasing calls for global leadership, particularly from the Group of Seven industrialised nations. ''The last thing the world needs is a plummeting yen. It would be terribly destabilising for global financial markets,'' said one Hong Kong strategist, who declined to be identified. Oh well the US is on another continent <ggg> biz.yahoo.com Haim