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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (77)	12/23/1997 6:22:00 PM
From: Tommaso	Respond to of 9980

Thank you for the response. The Malkiel commentary is only last Sunday's NY Times, so perhaps if you pass through a library you might pick it up and look at it--in the money/business section. I attach great importance to the article because Malkiel is one of the great academic figures in finance as well as a reliable authority and author. I have the article in front of me. Among many other things it says: "We believe that Asian governments will do what is needed to restor confidence. For one thing, many Asian nations will be forced to make structural reforms to get the loans from the International Monetary Fund that are necessary to ward off fiancial disaster and to insure that needed flow of foreign capital resumes. . . . We are optimistic that with proper governmental responses, the tiger economies, as well as those in the rest of Asia, will resume their rapid growth well into the 21st century. " The whole thing is very optimistic.