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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Paul Berliner who wrote (5826)	8/24/1998 12:03:00 PM
From: John Dally	Respond to of 9980

Hi Paul, I can share an anecdote. A few years ago, right after the Mexican currency crisis, I visited Mexico with an Hispanic friend. We staid with his relatives in Leon where I had the opportunity to speak with his family. One of his cousins worked for the government, gathering economic statistics. I asked him whether the government ever fudged the results. His answer was "sometimes, for policy reasons." I also learned that the wealthier members of the (extended) family had foreseen the devaluation and exchanged most of their liquid assets to dollars long (~6 months) before the devaluation. I would guess that China isn't much different . . . Best regards, John.