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

To: Jim Willie CB who wrote (6470)	8/3/1998 2:43:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 10921

Japanese yen hit 145 overnight gonna be troublesome again as market thins out in summer vacation season, attacks likely Obuchi first said let market float freely then he said J will intervene if necessary I see tentative attacks to test Rubin and Obuchi if no defense of yen seen, then 160 on dollar/yen FAST / Jim Willie

To: Jim Willie CB who wrote (6470)	8/3/1998 8:08:00 PM
From: Stitch	Read Replies (1) \| Respond to of 10921

Jim, <<IMF has become so politicized, I consider it inept... they have one formula for remedy -- austerity -- which does not work in a deflationary continental environment>> There is a growing school of thought that Asia is beyond steering away from the shoals and that it is better to hold reserves for the humanitarian effort that must surely follow. Like all shipwrecks those that go down will include passengers as well as the crew that set the wrong course in the first place. There is a deep feeling here in the region that IMF policy has only made the situation worse. I think you are correct and that it may well have. But an equally disturbing force is the continuation of denial, especially here in Malaysia. Mahatir better start to worry about how his people will be fed rather then how to save his whining Bumi buddies. best, Stitch