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

To: John Hunt who wrote (10076)	12/3/1997 7:11:00 PM
From: tekgk	Read Replies (3) \| Respond to of 18056

A well written Asia article - not much new for people on this thread but enjoyable reading anyhow. zolatimes.com

To: John Hunt who wrote (10076)	12/3/1997 7:46:00 PM
From: Bilow	Read Replies (1) \| Respond to of 18056

The thing that amazes me about how the IMF is treating Korea, is that their problems seem to be identical to the ones that aflicted the US economy in 1929, but the IMF solution seems to be exactly the opposite of what the experts now say would have avoided the US great depression. That is, the IMF is insisting on higher interest rates and tighter monetary policy, while everybody thinks now that the Fed error in 1929 was not loosening the monetary reins fast enough. Any comments, Sankar? -- Carl