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

To: Jack Clarke who wrote (11986)	12/20/1997 7:05:00 PM
From: tekgk	Read Replies (1) \| Respond to of 18056

>> (Market cap) it was $US23 billion this week (down from 155b in June)... >> Indonesian companies owe $US43 billion over the next year Problem what problem -g- >> growth projections for Indonesia down to minus 5 per cent next year A real depression - IMHO >> the rupiah had lost up to 58 per cent of its value smh.com.au The story is about the same in Thailand and Malaysia. This is putting pressure on China to devalue. >> very concerned with what China did this last week, and that was dropping their interest rate from 9% to 1%. This whole mess is starting to spin out of control. This kind of cut will lead to a massive devaluation. If China gets the flu and sinks like the others it's going to be a grim picture for the Stock markets in the rest of the world. Message 3014094 >> "Toyota said its November production was down 11.4 per cent year on >> year. Nissan's fell 7.5 per cent and Mazda's 2.5 per cent. >> Home sales at the three motor groups were >> down 26 per cent, 22 per cent and 29 per cent respectively." ft.com Japan - problem what problem -g- I have been on the sidelines except for a few ABX calls (leaps) for the past few weeks (the buy back was too good to resist). It looks like it's going to be a good time to re-enter on the short side real soon -VBG-