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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (15886)	6/16/1998 7:31:00 PM
From: John Hunt	Read Replies (4) \| Respond to of 18056

Asia on brink of depression: World Bank scmp.com << The World Bank warned yesterday that Asia was plunging into depression and that a global economic slump could be just months away. Amid widespread calls for Japan to act to help the region out of its economic nose dive, the bank's senior regional official, Jean-Michel Severino, said Asia was on the threshold of a long depression. "We are probably at the end of the first cycle of the crisis and we are entering a deep recession, or you could even use the term depression," he told the Australian Summit trade and investment conference. "This depression could be very long-lasting if it is not handled very, very carefully." >> Stitch, I quit posting about a week ago, when I figured everyone had deserted the thread. Glad to see a few people back. John