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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?

To: Alan Chan who wrote (7575)	12/28/1997 4:56:00 PM
From: HEXonX	Respond to of 13925

I believe South Korea is now a triple B- which is junk bond status. HEX

To: Alan Chan who wrote (7575)	12/29/1997 12:03:00 AM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 13925

Alan,Boy the Threads are quiet! Everyone lost interest in tech stocks???? Korea's debt problem is bad, but Korea's economy is not one of the larger economies in the world. Japan is the "big fish" having the second largest economy in the world. As to their bad debt, I cannot remember how much bad debt that the US handled back in the late 80's with the collapse of the S&L's in the US- but it worked out well and actually resulted in a much stronger banking system. My guess is that japan will competently and quickly handle cleaning up and recapitalizing/consolidationg bad banks. Peru e.g., is proof that disciplined fiscal policies can turn around fiscal issues in just a short period of time. The problem of course is that you cannot have an economy based upon tradition and custom, but must take the western approach that innovation and change are good and will result in maximum benefit/flexibility to the country's people- and encourage such innovation and change and then live with its impacts. Japan made that adjustment starting post-1853, and accelerated adopting the western approach post- 1945. Let's see if Korea, Indonesia, Malaysia are willing to forgo complete control over their respective national identities in order to move forward with a market-based economy.... As to Malaysia, I work in an industry with links all over Asia, including Malaysia- that's where I heard the assertion. As to the Malaysian Government, I'm sending you an e-mail note as to some of the Government's "activities" in East Africa which you may want to consider as to Malaysia's civil rights record.... And that's the last thing I say about politics here! Sorry folks! I'm guessing that markets will limp along until mid-January when we start to see some positive earnings reports and lift the averages. Here in the US we still have a week or two of the earnings warning season to go.... Sincerely, Doug F.