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To: Jim Patterson who wrote (47903)	6/16/1998 9:20:00 PM
From: Chuzzlewit	Respond to of 176387

Jim <I don't care. Well, you should. First, you've got the chronology backwards. The attack on the currency was made possible by the underlying conditions. Only after the currency attacks did the markets fall. The point is (this is Econ 101) You cannot continue to sell goods at less than their average cost of production. The profit consisted of two parts: currency arbitrage profits and loss from dumping products. It stands to reason that since they can no longer garner profits from currency arbitrage, they must generate profits from the sale of goods. This means they can no longer afford to dump product. TTFN, CTC