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To: Sam who wrote (5616)	11/24/1997 10:41:00 AM
From: Dale J.	Respond to of 9124

<<re: One hopes that their government will get a basic lesson in capitalism from the IMF >> Sam: I agree. The IMF, if I'm not mistaken, is funded primarily by the U.S., Germany, France, England and Japan. I would think they would raise a few objections concerning S Korea's economic policies before handing them $20B. Dale

To: Sam who wrote (5616)	11/24/1997 5:29:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 9124

A few analysts have summarized the tact that IMF is taking as being very firm in requiring economic reforms. You see a recognition of this already. The Asian coutnries, even the vulcanized Japanese government, are more likely to adopt stern market policies to correct their problems. This "tough love" stance is likely to cause some ripples, such as the recent Japanese securities firm backruptcy, but will likely result in the kind of reforms that will bring the Asian institutions much more in compliance with Western standards. This process won't happen overnight and may have dire consequences for a few more speculative firms in the short-term, but the outcome should be very favorable (unless you have money in one of the outcasts). I think that the underlying vitality of the Asian and world economies is very much in tact and the upset in the securities markets that are being caused by the tougher and healthier climate should be viewed as an excellent buying opportunity. IMO, now is the time to get fully invested in anticipation of a resurgent market by the 1st quarter of next year.