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To: Tulvio Durand who wrote (6350)12/12/1997 5:03:00 PM
From: Dee Jay  Read Replies (3) | Respond to of 42804
 
I respectfully disagree - Korea is not facing reality, with their politics trying to overcome what the market is telling them. The market will punish Korea all the more until they feel the kick in the pants that they're getting. Just today the US told Korea they wouldn't be getting any $$ from the US's part of the guarantee package "any time soon."

I give Korea about 30 days or less to knuckle under and do what they've been told to do or their economy will suffer even more. Politicians insulated from the world aren't known for their ability to deal with reality - the world is now intruding and there will be a wakeup call in the form of a 2 X 4 to the head if necessary.

A certain other Far Eastern country of late has defied world economics and then was forced to come around. This too will occur in Korea, mark my words. They have the flu and will have to take the bitter medicine.

Dee Jay



To: Tulvio Durand who wrote (6350)12/12/1997 6:26:00 PM
From: WBendus  Read Replies (1) | Respond to of 42804
 
What scares me more than any of the economic turmoil is that S. Korea is now very vulnerable to manipulation of various forms. I think that many countries will have a hard time coming to the rescue of S. Korea because of political conflicts of interest with N. Korea. This has the potential of getting very ugly. An economy about to collapse, a government that has little if no power to stop it, and a hostile neighbor to the north that has the millitary hardware to wreak havoc.

Bailing out S. Korea is going to be a very delicate issue. Rember that it was not long ago that the U.S. was up in arms about military manuevers and nuclear arms testing by the N. Koreans. There has been a very turbulent history in that area world, conflicts between capitalism, freedom and communism exist and they are a very volitile issue. Throw into the picture the economic picture of S. Korea and there is potential for a massive revolt.

Wayde.



To: Tulvio Durand who wrote (6350)12/12/1997 9:38:00 PM
From: Stu Bishop  Respond to of 42804
 
Tulvio,

re: "Market outlook should improve next week, IMO."

Right arm!

Stu