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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: cardcounter who wrote (2075)	8/12/1998 8:31:00 PM
From: cardcounter	Read Replies (2) \| Respond to of 2951

Soros says that the ruble should be devalued to reflect the fall in world oil prices. Potentially good trade: sell short german banks with big Russian exposure. I just finished listening to Deutsche Bank Securities Teleconference on emerging markets. The best scenario is that a short term rally provides an opportunity to sell into the strength and lessen the percentage of your portfolio sitting in emerging markets. there's too much info coming over the wires to summarize it here, but things are looking really ugly for russia in the next several months. For the end of this week, I'm watching the currency futures expirations on friday that russian banks must acquire dollars in order to honor... rus central bank could force an interbank crisis/meltdown with the currency limitations... sidenote on china.... China is using a unofficial devaluation or a stealth devaluation in a very clever way. Chinese exports have some very generous rebates and trade credits attached...