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To: Tunica Albuginea who wrote (44661)	1/9/1998 4:23:00 PM
From: Paul Fiondella	Read Replies (3) \| Respond to of 186894

There are two waysthe Asian financial crisis spreads here The slow way: Asian economies are at least a third of the worlds economy. They are slowing down and not buying goods and will not be buying goods for some time. This will gradually impact all economies. In fact it starting impacting them in OCtober. Most conservative economists believe GDP will shrink by at least 1% in the US. Expect much more because those Asian economies are going to try to export their way out of this mess. Its already happening. Did you hear the Corning announcement today? The fast way: The Nikkei goes below 14000 and the defaults start. In a defaulting environment the international fiancial system will come apart in a hurry. ======================= If you don't have cash and have a lot of debt....... We've been over this.

To: Tunica Albuginea who wrote (44661)	1/9/1998 4:23:00 PM
From: Ken	Read Replies (2) \| Respond to of 186894

<<-Asian tigers have a lower total economy than the Ohio. Before the Asian flu, Korea was the 13th largest economy in the world. Taiwan was the 14th. I don't know the rank for HongKong, Singapore, Tailand, Malaysia, etc. I would surprised if the economy of Ohio is that huge. <<US trade with Asia only 10%.>> I though the trade between Asian and US is larger than Europe and US. 10% seems to be small. I hope you are right about other points. I am still 100% invested. 30% are in INTC. KEn