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To: goldsnow who wrote (13907)	6/29/1998 10:49:00 AM
From: John Lacelle	Respond to of 116770

Goldsnow, That was an interesting post. If I recall, Jimmy Carter called Iran an "Island of Stability" two days before the Shaw fled the country. Anyway, I'll bet Rubin promised that the US taxpayer would back China with billions should their currency run into trouble. I think its time to start looking for a bomb shelter. I thought Rubin understood financial markets. Oh well. As I understand it, about 1/4 of all real-estate loans in China are now non-performers. That ought to choke the life outta their economic boom. Can't wait for them to devalue...that is really going to cause some trouble in Asia. -John