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

To: Rational who wrote (613)	1/8/1998 8:40:00 PM
From: Tom Markowski	Respond to of 9980

Sankar.....you really like to write.....God bless you.... Hey.. Singapore and Phillipines are now both in a free fall. Both down over 6%. Tom

To: Rational who wrote (613)	1/9/1998 9:17:00 AM
From: Thomas Haegin	Respond to of 9980

Sankar, << Demanding transparency and removing corruption is very critical and must be enforced through this unique opportunity of bringing the arrogant SE Asian bureaucrats to submission >> I agree, but probably easier said than done: Looka at Japan, the most advanced economy (IMO) in Asia and the things surrounding mobsters etc. threatening cos., Yamaichi failing, I would normally expect affluence and a solid middle-class to remove these evil, but seemingly in Japan, they are still pretty mainstream parts of the business (to lesser extents in Europe, too). So my question that probably noone can answer is: Can it be much easier in the other SEA countries. I wish for it, but I doubt it. <<Yesterday's plunge was mainly due to the IMF comment that the Indonesian budget failed to meet IMF expectations -- which IMF is now (today) rethinking to retract!! What a joke!! >> Just asking: What would happen if we all left it to themselves, no IMF coming in, but only letting the forces of the markets work things out? Total chaos? Complete financial markets meltdown? I don't remember, but what happened back in the 80ies when S-America went bust with Brazil, etc. and when there was talk about Citibank failing etc.? Did some supra-national institutions step in or was it left to the private sector to sort it out? Anyway, look at Citibank/Citicorp today! I read you post with great interest, Thomas