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To: Paul Fiondella who wrote (19249)12/28/1997 11:05:00 AM
From: dwight vickers  Read Replies (1) | Respond to of 42771
 
The US debt held by foreigners numbers came directly from Barron's. The pullout started shortly before the problems in Asia became public knowledge.

What do you think is the liklihood of repatriation becoming a problem for us, interest rate wise? That truly is the doomsday scenario. I can't say it can't happen, but it surely will be delayed as long as they can contain it.

If the economy starts to slow hurting tax receipts and the market drops, killing capital gains, a pullout of Asian money would insure higher rates and the dollar crisis you outlined. Scary stuff. Wish it couldn't happen.

I started buying PM stocks a month or two ago after having basically been a disbeliever since Volcker put the squeeze on our money supply in the late seventies. Bought BMG and HL (both under $5) because of the financials and insider profiles, compared to most other mining stocks.

Happy New Year, anyway!

Dwight