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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: john defreitas who wrote (44727)	1/10/1998 6:31:00 PM
From: Paul Fiondella	Read Replies (3) \| Respond to of 186894

Asia "It amazes me how many are willing to shrug off what is going on" I agree with you. I think it will be a learning experience for many investors. The Far East Economic Review had an article this week on China. They said economists are worried that China's growth rate is slipping. THis slipping growth rate means the private economy cannot absord the workers being shed from state enterprises. Their conclusion was that China (the first country to devalue) might use the situation in Hong Kong to devalue again rather than deal with the chaos that a build-up in unemployment of bankruptcy of enterprises might bring. As to Korea, most people do not understand that what has happened to date has not solved anything but puts in place a massive export assault on foreign markets. The Morgan arrangement would have all of those bad private loans swapped for government backed loans. That means the Korean government suddenly has responsibility for 100 billion in bad debt. The proceeds of the bonds would be used to pay off foreign lenders (read Citibank etc.) who would be swapping their bad debt to the government. What a deal huh. So the bottom line is the risky loans would be made good at the expense of both the Korean and US taxpayers. The Koreans will see IMF "export oriented" austerity and we will be emptying more money into the bailout enterprise. (SOme people should read about how US companies have to bribe their way into contracts in Asia.) Eventually this game has to come to an end. You cannot bail everybody out, especially every crook. IT comes to an end with JAPAN as previously described in a post. ================= As to Intel on Tuesday. Everyone expects a few cents one way or the other. Anything else would result in the other scenario you describe.