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To: Ramsey Su who wrote (14186)8/27/1998 10:34:00 AM
From: mmeggs  Read Replies (1) | Respond to of 152472
 
To add a little: Russia may not have the economic weight of SE Asia, but there are an awful lot of European banks holding practically worthless Russian debt on their books. Add it to the SE Asian debt held, and eventually the camel's back breaks.

Yeltsin is kaput, I do believe. The government to follow will not be a western-style capitalism/democracy. Though I don't think it will be old-line communist either. Whichever, that's a lot of instability in a country with the second largest nuke arsenal in the world. And that can do a lot more damage than a few billion in bad debt.

mmeggs



To: Ramsey Su who wrote (14186)8/27/1998 10:39:00 AM
From: John Hayman  Respond to of 152472
 
Ramsey,

I am with you! More so every day......John



To: Ramsey Su who wrote (14186)8/27/1998 10:41:00 AM
From: bdog  Read Replies (2) | Respond to of 152472
 
Jeez Ramsey, maybe these things are related you think?

I've been selling QC since Monday, dumped the last today. Whew!

Did you happen to read the article in New Yorker a couple issues back on why Alan Greenspan is afraid he may be doomed to become another Roy Young, i.e., Fed chief in 1929?

Chicken Little 2