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To: Crimson Ghost who wrote (7165)	2/3/1998 12:54:00 AM
From: Abner Hosmer	Read Replies (1) \| Respond to of 116764

Sustaining East Asian Competitiveness weforum.org >>...Goh Chok Tong, the Prime Minister of Singapore cautioned that the recent sharp falls in east Asian currency values must not be followed by a closing up of individual markets...Goh also suggested that regional banks follow the lead of other commercial and industrial institutions and combine their resources because he noted that other than the Japanese institutions, there were no banks with a strong regional presence.. Before Goh's address Klaus Schwab, President and Founder of the World Economic Forum noted that Goh had worked in private industry before entering politics, which he said was a contrast to the experience of European leaders. Goh began by saying that the fundamentals of east Asian economies remained healthy, pointing to World bank figures that predicted a per annum growth rate of 7.6 percent that would last to the year 2006. This contrasted with a figure of 2.6 percent expected for the industrialised nations. The current "turmoil" represented only a temporary, although painful, interlude in the march of east Asian economies, Goh stated.<<

To: Crimson Ghost who wrote (7165)	2/3/1998 2:19:00 AM
From: GOLDFINGER	Respond to of 116764

It looks like the POG is going up at the end of the trading session in the US, then stabalising and afterwards coming down during the trading sessions in South-East Asia. At the end of the trading session in Asia, the POG seems to trade up again... This is a pattern which have been noticed during the past 2 weeks... Any comments on this ? What could be the reason for this ? Regards, GF.

To: Crimson Ghost who wrote (7165)	2/3/1998 4:28:00 AM
From: Albert V	Read Replies (2) \| Respond to of 116764

The Euro may replace the dollar as the world reserve currency. A lot of people are pessimistic on the Euro, but i understand that the EU imports and exports TWICE as much as the USA. This would naturally lead to using the Euro as the reserve currency, don't you think? Imagine if the Arabs, to retaliate against the USA, started demanding payment for all their oil in EURO instead of DOLLARS. This would immediately establish it as the reserve currency I would think. NOW consider what would happen if those billions of dollars now in central bank vaults and circulating in Ukraine etc were replaced by EUROS. The dollar would collapse would it not?? Regarding Japan, I read in Barrons that they have been creating money at a rate of ....1% PER DAY! Hope someone can tell me what this means to us!!! Albert