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

To: Zeev Hed who wrote (9529)	11/26/1997 3:22:00 PM
From: yard_man	Read Replies (1) \| Respond to of 18056

Are all products more 100% more expensive to them or predominantly those products that are imported?

To: Zeev Hed who wrote (9529)	11/26/1997 3:27:00 PM
From: NYBellBoy	Respond to of 18056

Zeev - <the people in Malaysia and Indonesia, their buying power has declined by 50% and thos things are 100% more expensive (relative to their ability to buy). Not only have their stock declined in their local currencies by 40%, their currency has declined by about the same amount.> This market correction is far from over. The month of December and into 1998, things will slide down with the ripple effect. The IMF and the World Bank are just the Big Banks trying to rescue their bad loans and keep companies afloat. :) BellBoy