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To: HH who wrote (23234)	6/1/1998 10:26:00 PM
From: waverider	Read Replies (1) \| Respond to of 95453

Korea is in deep trouble. That is why I sold my QCOM. "Diamond H, I thought you were into long term investing?" Yes. "What happened?" The schist hit the alluvial fan. I saw it and got the hell out of the way. I will be conducting several Desert Guru sessions next year to predict the next disaster. $100 per person. <H>

To: HH who wrote (23234)	6/2/1998 1:04:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 95453

Heyward, according to the NY Times Magazine article the Asian problems go a lot deeper than currency. According to the article the problem is that many of the Asian businesses were never profitable through selling product, but made money on currency speculation. They would borrow as much as they could in dollars and lend it out at a higher interest rate in baht (for example) hoping that the government would continue to support the currency. When the local currency finally succumbed to the attack of the currency traders these companies were exposed for the frauds they were. So, I guess we are not going to see much of an increase in oil prices until Asia starts to turn around, and I don't see that happening anytime soon. TTFN, CTC