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To: ed who wrote (12188)	12/28/1997 8:10:00 PM
From: hpeace	Read Replies (1) \| Respond to of 97611

Asia is just a piece of financial junk. Just Like El Nino. Every time I turn around , El Nino is the reason that we had sleet this weekend, or why my Cancun trip had a couple of days of 69 degreee weather, or why corn is up or coffee is down. In reality El Nino is the reason the market crashed more than the Asia bunk. Asia accounts for 7% of the world trade and if you exclude China and India which are doing okay, Asia is 4%. So, don't beleive all the bunko...... The fat cats and the elite in the mutual fund and management biz wanted to lock in their million dollar bonus checks... it's that simple. Sometime in first qtr98. they pick up all the bargain stks they crashed and run them up 25-40% so they can have another huge bonus next yr. The con game of the century is the way this works.... they can spew out all this junk....okay...but, don't expect me to beleive it... instead , I'll try to predict their game and profit from it... I certainly want complain about them distorting stk values. I'll find the one's the most out of kilter and buy them.

To: ed who wrote (12188)	12/29/1997 2:54:00 AM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 97611

ed, re They want to kill Korea. ummmm..yah that's it, it's a conspiracy. Of course! Why didn't I think of that b4? The long term gain can't sustain the short term debt, this is the only problem for Korea, other than that , the economy is sound in Korea, nothing is wrong. ed, have you read about the automobile factory capacity that has been built up in Korea? How about Kia Motors? How about the brand-new car factory capacity being built right now in Korea, when the existing factory capacity is already too much? Isn't this a business problem? ed, I've read some about Korea, and the business conglomerates there exist only to grow bigger, without regard to profitability or viability of new ventures. This kind of thinking is what brought Korean economy to where it is today. So your option is either default the payment or make another loan to pay off the old loan, and the business you operated going on untill 10 years later you accumulate enough capital from your business to pay off the loan. That is it, nothing else. "Make another loan"? I suppose it is that easy when the IMF is always there to bail countries out. But, that debt will have to be paid back, as someone has already pointed out. That's future profits already spent. That's profits that could have been spent on infrastructure improvements, etc. The bottom line is, companies exist to make money. If they're not doing that, then they are simply providing living wages to workers. That's a worthy thing, but meanwhile the standard of living will stagnate. It will take the Asian tigers much longer than you think to get back on solid steady economic growth trend. IMO. DK