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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (17655)	3/12/1998 11:06:00 PM
From: Big Bucks	Read Replies (2) \| Respond to of 70976

GM, Re:I don't deny that there are problems, but their extent is exaggerated. What we are seeing now is the opposite of irrational exuberance What do you call it then "rational exuberance"? Bearish fantasy? Don't underestimate the potential economic impact to US markets if several more major Japanese financial/banking institutions go belly up due to insolvent loans to other Asian/Pac-Rim countries. I wonder why a Japanese economic delegation is going to Indonesia? Sight seeing? Vacation? Hmmmmmmmmm? Makes one wonder. Just my opinion, BB

To: Gottfried who wrote (17655)	3/12/1998 11:36:00 PM
From: roly	Respond to of 70976

GM, <I don't deny that there are problems, but their extent is exaggerated.> I agree. I was chatting with our Korean rep who came over for training and I was asking him the financial situation there. He admitted that they are having very difficult times now, but he believes this is GOOD for them and will make them stronger in 2 or 3 years. I recall Abby Cohen saying that the situation in Asia is less dangerous now compared to 6 months ago. The problems had been exposed and transparency is slowly getting into the Asian economy. Roly