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To: Gottfried who wrote (11053)12/2/1997 12:32:00 PM
From: craig crawford  Respond to of 45548
 
<< A pre-condition for the 1999 introduction of a unified currency
is that member countries may not have deficits of more that 3%
of GNP. How does that compare to SEA? >>

Sorry I can't answer your question. I am far from knowledgeable about Asian economies. I form the basis of my opinions regarding foreign markets from people I respect who know what their talking about.

I am not an economist so I am not able to dissect all the cumulative factors and render an informed decision. There are some "experts" who say Asia is no big deal and overblown and some who believe the turmoil will spread around the globe. I don't have the education or time to make an informed decision for myself so I choose to listen to the people that I believe know what their talking about.

The people who I think truly understand the implications are in the camp that Asia will have negative repercussions for the world economy.

Those are the people I'm aligning myself with...