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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Paul Dieterich who wrote (5803)	6/12/1998 8:01:00 AM
From: Mason Barge	Respond to of 10921

Korea: worse and worse. I'd thought that the Koreans were working to correct their problems, but the New York Times this morning was extremely pessimistic: "In South Korea, the IMF has been unable to stanch the flow of loans from banks to the country's troubled conglomerates. Analysts warn that these infusions could land Korea in a domestic version of the foreign debt crisis that precipitated its near-collapse last year. They said the bad loans held by Korean banks could reach $90 billion by the end of the year, up from $50 billion at the end of 1997." Jeez, it just keeps getting worse.