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

To: Joseph Beltran who wrote (5949)	8/27/1998 12:14:00 PM
From: Stitch	Read Replies (2) \| Respond to of 9980

Joseph, <<It may turn out that the pain endured by asia would have been alot less if the had just defaulted on their loans late last year. >> I can appreciate why you say that but IMO Asia is fragile and that could have wreaked havoc (as in Dante's dogs). Besides, there was way too much denial around then. Keep in mind that in Malaysia they were talking 5% growth in GDP until mid January as I recall. I think when they see what is happening in our markets they may get a ruder awakening then the one they have had. Where the heck is all this liquidity going to run to? There are only so many matresses yes? Best, Stitch

To: Joseph Beltran who wrote (5949)	8/27/1998 12:33:00 PM
From: Lee	Read Replies (1) \| Respond to of 9980

Joseph, Not my area of expertise, so the questions: Let's assume for a moment they did default, who will loan them money, at what rates, when, and in what quantity? Can we assume recovery would have come quicker, and would have been as full and robust as...? (well I guess we are comparing a mirage with a dream). So the first question, are there any examples to compare... a) Let them default. to b) Try some sort of rescue. which shows the furture prospects for those who default? Regards, Lee