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

To: Thomas F. O'Connor who wrote (14278)	2/18/1998 11:44:00 AM
From: Michael	Read Replies (1) \| Respond to of 18056

Thomas, I am in Asia, so yesterday and today for you and me may mean different things. Anyway I didn't see those articles I have spent a lot of time in Indonesia in recent years and have many friends there.They have been devastated by the recent turmoil and are living in fear of what will come next. So for their sakes I would be happy to see a currency board work. However when you see at first hand the level of corruption in Indo you become very cynical about the motives behind any action. That was why my earlier post to you was very dismissive on the CBS. Right now I agree, the outlook seems chaotic. Funnily enough the markets reacted positively today with the Rupiah moving up after the cancellation was announced, however I am coming to the conclusion that the starting point now for any stabilisation efforts is Suharto's departure. His recent actions have pretty much discredited him and any new initiatives will be looked at with a very jaundiced eye. That transition (Suharto's departure) will not come easily - if at all, so yes; there are more rocky times ahead. BTW what's your interest in this. You posted the links as "Interesting" but you did not say much about your beliefs ? Am looking forward to your comments on how this will affect gold. Regards