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Technology Stocks : INDONESIA'S PT TELECOM(TLK) -- Ignore unavailable to you. Want to Upgrade?

To: cody andre who wrote (487)4/26/1998 10:32:00 AM
From: David W  Read Replies (2) | Respond to of 947
 
Indonesia and Korea currency will not rebound for at least a year. The IMF and US government have a perverted view of fixed exchange rates. As long as they encourage the currencies to float it will delay the recovery. The IMF has done this time and time again. Mexico is a recent example. It took much longer than necessary and kept the currency lower than it should have been. Don't look for a big bang in TLK for awhile.


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