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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Alper H.YUKSEL who wrote (11875)	11/29/1997 11:28:00 AM
From: Hippieslayer	Read Replies (1) \| Respond to of 32384

AHU, I agree with many of your statements. So Kor., Japan, and other countries facing economic problems only have themselves to blame. The governments of these countries were and still are in collusion with key industries of their respective countries. Competition for the best products at the lowest prices was substituted for life long employment. In effect, these countries did not prepare themselves for the global competition that now dominates. Japan's unemployment-which I think just topped the 3-3.5% mark is the highest the country has ever seen since, I believe WWII! With the Yamaichi disaster-whom I did business with-still rocking the country, many in Japan are starting to fret that they might see what we saw in the 30's with the great depression. The finance minister and others are going on a media blitz to calm their citizens before they make a mad rush to pull all their money out the banks. The far EA countries will now have to open up their economies and tear down the protective tariffs that they successfully used in the past. If they don't, they'll continue to wreak havoc upon all financial markets. BTW, I heard yesterday that the estimate to help bail out S. Korea was way underestimated at 20 bil. Some are saying it might be around 50-100bil. Who do you think is going to cough up the dough to cover the Korean's bills? I think I hear Pres. Clinton saying that we still haven't paid our fair share.