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To: Investor-ex! who wrote (13686)6/22/1998 11:52:00 PM
From: Alex  Respond to of 116753
 
President Clinton arrives in Beijing on Thursday and will argue that there is a risk of a vicious spiral of 1930s-style competitive devaluations rippling across Asia to North America and Europe.

reports.guardian.co.uk



To: Investor-ex! who wrote (13686)6/23/1998 7:22:00 AM
From: Little Joe  Read Replies (2) | Respond to of 116753
 
Why would reflating the yen cause capital to come to the Japanese market? Who would want to invest in paper that is being printed? I think they will either inflate their way out of this mess or suffer a painful depression. Either solution means several more years of pain and the sooner they get on with it the better.

Live long and prosper,

Little joe