Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mohan Marette who wrote (657)	1/9/1998 8:41:00 PM
From: Esvida	Respond to of 9980

Free market without bankruptcies are like a relgion without hell. Mohan, Thanks for a great quote. The following article seems to articulate the same point. economist.com -Al

To: Mohan Marette who wrote (657)	1/11/1998 12:19:00 PM
From: Jack Clarke	Read Replies (1) \| Respond to of 9980

MM, RE: The IMF and its deleterious effects on the countries it is trying to help: >>Any thoughts anyone???? I hear so often on the talking heads shows that the IMF is being counterproductive, that it makes me wonder whey they (the IMF) alone don't recognize it. Are they just programmed for a single solution? "Take money from poor people in rich countries and give it to rich people in poor countries." or may be that's the definition of foreign aid. Any, you asked for thoughts. As an admittedly simple minded person, I think of the whole mess as misuse of credit. Credit is a wonderful thing when used by citizens in moderation. It enables them to buy homes, cars etc. long before they could have saved enough to purchase them outright. It also lets savers put their excess money out at a fair rate of interest. But if politicians (in Asia, for purposes of discussion, excluding Japan, which is a lender) use or misuse credit to pump up their economies with a lot of wasteful building and, not coincidentally, keep themselves in power, then it eventually comes to an abrupt halt when their currencies become valueless. Just simple thoughts. I'll be happy to be corrected and thus educated by those more knowledgeable than I. Jack