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To: John Hunt who wrote (9702)	11/28/1997 1:48:00 PM
From: Snowshoe	Read Replies (1) \| Respond to of 18056

>>Russia in IMF talks as money floods out<< Korean merchant banks hold huge amounts of high risk Russian and Ukrainian bonds. Now the credit squeeze is forcing them to dump these bonds, thus exporting the current troubles to other parts of the world. See: "South Korea's Merchant Banks Exacerbate Problems Globally" (WSJ-Interactive 11/27/97).

To: John Hunt who wrote (9702)	11/28/1997 2:35:00 PM
From: HammerHead	Read Replies (2) \| Respond to of 18056

All we hear is the impact of Asia financial cresis will be minimal. The bubble economic in Thailand has forced 50% of the financial institutions bankrupt. Thailand was the 3rd largest import country for Mercedes, now the sales of cup noodle jump 30% in recent months. The credit collection is the fastest booming business. The asian have special love for all the European brand name, any thought for the impact on the european economic. I heard a lot of spin saying the slow dowin in Asia will be made up by the growth in Europe. Any comment?