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To: Dwight E. Karlsen who wrote (11783)	12/19/1997 2:29:00 AM
From: ed	Respond to of 97611

So what that few of those poorly operated banks bankrupt !!!! In 1970s under the Carter's administration you probably still remember how many banks bankrupt in the US, it is not the end of the world. The Wall street just over reacted to the Asian currency crisis. The bankrupcy of those poorly operated banks will make the futures healthier. People here just do not under stand the Asian market. In 1992 when the Gulf war started, the Taiwan's stock index dropped to below 2000, and just in five years the index hit over 11000. Just hree weeks ago, the index was 7400, and today it is over 8200. It will bounce back even faster. Hong Kong can see 15000 in two months. The most important thing is the industry , the factories are not destroyed , the machine can start anytime and things just back to normal pretty soon. Car price in Taiwan is twice as expensive than those in US , and 70% family in Taiwan own cars. So for P's price incease from $1000 to $1500 is really nothing for most buyers if they need PCs, they will still buying. My feeling is that the average family in US is poorer than those in Taiwan and Hong Kong. Most people in US live from check after check, and few have any savings. My point is Asian will continue consume, and will recover very fast.

To: Dwight E. Karlsen who wrote (11783)	12/19/1997 9:41:00 AM
From: Yaacov	Read Replies (1) \| Respond to of 97611

Dwight, I could only agree with your post. We can't hide our heads under the snow and hope that the disaster in Asia will be averted. Those of us who live in the developed world will end to be the victims! Last night latest massive bankrucpcy in Japan shook the European finnancial cirles today. This is just the beginning of large seris of bankrucpies we have to expect. Sumutomu Steel, Sonny, and Mitubishi are not too far from it eithr, as per today's internal letter circulated by the Swiss Bank Corp. (I think SBC is the second largest bank in the world, and they are very conservative, that is to say they don't cry wolf needlesly!!) I will not be suprised if IMF and US have to run to Jpanese help sooner or later! Mr. Hashimoto, only two weeks ago, was bragging that Japanese problem is different from the Koreans and that Japan is a crditor nation!!!! Well, I think either they have to take quick action and offer more tangible tax cuts and change the way Japan Inc. makes buisness or we may indeed see and pay for a Japanes melt down!