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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (13712)	2/1/1998 6:30:00 PM
From: danderso	Respond to of 18056

Yes, I think the effect would be to moderate bad crises while conditions are within the predicted range, at the cost of increasing the risk when outside that range - with the usual consequences... So some funds would be prudent and some reckless in their use. I think this is like IMF loans - we'd like to extend them to avoid a depression but not reward bad behavior - there's the tricky part! I think I did read that some funds used their credit lines, but don't have any references to offer nor any specific numbers to recall. Dave