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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (9495)	11/26/1997 11:18:00 AM
From: John Hunt	Read Replies (3) \| Respond to of 18056

FWIW Dept. After hearing a CNN report from the APEC summit yesterday that 13 million US jobs were export-related, I have been looking for some statistics about the effect of an Asia slowdown. Here is one summary I found: dlcppi.org It looks to me like about 4 million jobs are US/Asia related and I would guess that 30-40 % of these are at risk from the Asia problems. Does anyone know off-hand what percentage of the overall US jobs this would be? John

To: Cynic 2005 who wrote (9495)	11/26/1997 11:39:00 AM
From: HH	Respond to of 18056

Mohan, You give me the chills every time I read your posts. Keep it up. It keeps me more restrained. -ng- HH

To: Cynic 2005 who wrote (9495)	11/26/1997 11:43:00 AM
From: Sam Citron	Read Replies (1) \| Respond to of 18056

Mohan, Anybody who has ever traded a commodity futures contract (eg, forex) knows that 5% margin is considered high. The leverage cuts both ways and you can be forced out of your position the very next day if you cannot pony up more margin money. Is this leverage causing excessive speculation? It depends. Speculation is good because it creates liquidity. Studies indicate that most individual commodity speculators lose because they do not know how to handle leverage. Margin rates were deliberately set low to attract speculators in order to provide liquidity. I do not think these margin levels have changed much in a very long time, so I find it hard to believe they are much of a cause of the "bubble" as you refer to it. SC