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To: Joseph Beltran who wrote (27659)8/13/1998 5:22:00 PM
From: gregor  Respond to of 95453
 
Joseph:

>>>>>The action in this market seems to be telling us that one or more defaults are in the making. my take: russia, indonesia, s.korea. two out the three will default in the near term.
<<<<<<<

Are you referring to defaults on government bonds..??