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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Capt Ron who wrote (1556)	8/7/1998 9:58:00 AM
From: Gator	Respond to of 119973

With the dollar continuing to rise against the yen, I think we're still a ways away from Asia turning around. The financial crisis there has built up for years. It won't be fixed in just a few months. The fear is that the Asian currencies will be devalued, so money is rushing over to the U.S. dollar for a hedge. The more this happens, the more the dollar rises against the yen and other Asian currencies, which makes American products more expensive for the Far-East to purchase. Talking with U.S. executives around the country (and from several quarterly earnings statements), no one expects a quick turn-around in the Asian markets. Gator