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To: Oeconomicus who wrote (2498)	1/11/1998 10:51:00 PM
From: Richard Makowiec	Read Replies (1) \| Respond to of 2601

It's been very difficult to respond on SI tonight, still being "Bonked"! Reforms...yeah, it's one of those things many of us have probably thought about but never really wanted to mention here. The Republic has most likely wanted to institute many things but couldn't. Now that the British influence has been mostly eliminated and the Hang Seng turmoil exists..."Changes" should come easier...back to the "old" days of communist rule? If that happens HK will never be the same..."Free Enterprise" will never have been given a "real" chance. Indeed, the British made out like bandits here (IMHO), I'm sure the smart money had this thing (HK) over-inflated for awhile..they also probably got out long before the decline (late summer?). Tea(rs) anyone? Hang Seng breached 8,000...was 7,928 for awhile, now 8,006. Wall St. is not going to be happy in the am. How about the PM? Are we going to rebound or have HK sink us for the day good? I guess Peregrine Securities was not already factored into the Hang Seng decline of recent days <vbg> What a Circus! Rich

To: Oeconomicus who wrote (2498)	1/11/1998 11:17:00 PM
From: Michael Kim	Read Replies (1) \| Respond to of 2601

Well, now HK is down 850+! I sure can't wait for tomorrow's trading (add heavy sarcasm here). RD, I don't think that the People's Republic have a clue on what to do with this situation. Maybe they'll end up hiring Andersen Consulting to figure it out for them. The smart HK money will end up fleeing the country and moving elsewhere - US? Then why are we being so clobbered by this turmoil? With the potential for a crash tomorrow, combined with the lowest interest rates in decades, I think that I'm just gonna buy real estate. Lol. MK