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To: Jyoti sharma who wrote (3048)1/15/1998 12:32:00 PM
From: jeffbas  Respond to of 78651
 
IF this were to happen, I disagree with some of your consequences.
More turmoil in Asia would further scale down worldwide growth. I believe the impact on US long term bond market would be positive,
interest rates would drop, even if some Japanese money were to be repatriated - because overriding issue would be heading in the direction of deflation. Of course, earnings would be worse and stocks would surely get hit. I agree there.



To: Jyoti sharma who wrote (3048)1/15/1998 6:13:00 PM
From: grace  Read Replies (1) | Respond to of 78651
 
Jyoti,

Interesting statement on ADRs in Asia.
I am also interested in Korean ADRs and waiting for dip.
Due to volatility of Korean currency, it is somewhat difficult
to adjust ADRs' book values. I wonder how you came up with premiums of over 25% for those.

Good Luck