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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (3840)	5/25/1998 9:23:00 AM
From: Sam	Respond to of 9980

Zeev and Mike, I feel for Kim. He has walked into a situation that he probably can't win, no matter what he does. He is a decent man who doesn't deserve what he will get. The most plausible scenario over the next few months or year may well be a coup. As long as these countries were able to print their currency pegged to the dollar, they could do pretty much what they pleased. Essentially like the S&Ls in the US in the early-mid 80s, except more so, since the S&Ls were "hampered" by the limits of Fed insurance, regulators and a few more accounting principles. The Asian countries were only hampered by what the currency markets would go along with. It was as if Kimberly Clark could use their toilet paper as money.