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To: Frank Ellis Morris who wrote (61004)	8/26/1998 9:06:00 AM
From: Mohan Marette	Respond to of 176388

<---OT--->All'bout Yuan - Not too bad at all. 'morning Frank: Here is something I found which seems worth noting. If what this analyst is predicting comes true<?> it won't be such a bad thing. According to him it'll take another 6 months or so for the other Asian economies to bottom out and hopefully there after these economies will begin to recover by which time if China devalues to boost their exports it won't be such a bad thing as opposed to it happening now. Source:CNNfn Raju....Our view is that they will wait until the end of Q1 of next year -- first quarter of next year -- before they devalue, until the rest of Asia stabilizes....... MARCHINI: All right, so if they wait until the first quarter of next year, is that such a bad thing? Might we be over the hump in Asia and able to deal with it? RAJU: Well, our view is that the -- on the real economy side, the rest of Asia will need, in perhaps six months or so before things start bottoming out. And once the real economy starts bottoming out, the financial markets will be more able to take a yuan devaluation. cnnfn.com