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

To: Rational who wrote (130)12/25/1997 3:54:00 AM
From: danderso  Read Replies (1) | Respond to of 9980
 
Sankar,

We substantially agree.

I think I should clarify a few things that may have been unclear
from my original postings....

I am a US citizen and work for a global company in its US headquarters. I do communicate with employees in other parts
of the world as well as non-US citizens who work at headquarters.

The observation I intended to make was about those employees I'm
in contact with and non-employees here in the US - my sense is that
the non-US folks are more concerned than those in the US. I DO
agree, however, that the top echelons of the US government, IMF,
etc. are very concerned and are delivering money to match that concern, mixed with public announcements aimed to avoid panic. I claim that the readiness of the US public to buy stocks indicates it underestimates the US consequences of the Asian flu and I'm concerned that this misjudgment will combine with anti-Asian prejudice to limit US aid.

Dave



To: Rational who wrote (130)12/26/1997 12:02:00 AM
From: P.T.Burnem  Read Replies (2) | Respond to of 9980
 
As far as I understand the situation, the US policy makers are very concerned about Asia affecting the US economically and politically. They know that if South Korea declares debt moratorium, the global economy is going to nosedive.

Scare tactics. S.Korea reportedly owns $14B to US money center banks, so the White House is looking for political cover to bail the banks out, just as they did with Mexico.

PTB


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