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To: philv who wrote (3439)11/22/1997 11:55:00 PM
From: Rob  Read Replies (1) | Respond to of 116814
 
This Week will be Interesting

The asia crisis will continue its march this upcoming week. Analysts are starting to feel a little sweaty under the collar as the full impact of the Korean situation becomes known.
biz.yahoo.com

Also, it appears that Yamaichi IS going to cease operations at the beginning of the week. The Japanese gov't will only guarantee depositor's money and nothing more. The Nikkei rallied last week on the assumption that the gov't was going to bail Yamaichi out and keep them alive. If the Nikkei doesn't take a major downturn on its opening, I'll be surprised. This could deal major blows to other financial institutions as well. Is there a potential run on Japanese banks brewing?
biz.yahoo.com



To: philv who wrote (3439)11/23/1997 7:05:00 AM
From: Bobby Yellin  Read Replies (4) | Respond to of 116814
 
I wish somebody else would write their perceptions of New York to
have a balanced picture..
I know what I see but I am afraid my perceptions reflect my age and
my history...I try to talk to as many people as I can...
I keep on running into people who are stressed out or who tell me
they are just taking one day at a time..
The only really great thing I see is that more and more younger people
are having children..and more and more people seem to be getting
animals..hopefully priorities are beginning to change..
Also the more the average American gets involved in the stock market..
I think a fundamental perception will change. They will think of their
schoolmates when they were little who used to cheat on tests ..to
do well. They will see stocks tank before public news is out..they
will see stocks rise before public news is out..and they will begin
to realize how much a lot of wealth is built through insider information etc..and manipulation...so when they see that expensive
car or expensive suit..it will start registering a negative reaction..
(maybe my fantasy)



To: philv who wrote (3439)11/23/1997 11:46:00 AM
From: philv  Read Replies (1) | Respond to of 116814
 
Interesting article about mainland China now threatening devaluating its currency. They fear competition from neighbours who have already devalued their's. A heavy threat with dire consequences.

scmp.com

Phil