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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Dayuhan who wrote (2184)	8/27/1998 9:58:00 PM
From: Brad Bolen	Read Replies (1) \| Respond to of 2951

RE: Not that the peg might not dissolve in any event, under natural market forces. But a deliberate attempt to destroy it seems perilously close to terrorism... Steve Steve, that is what I referred to some time ago when I suggested that the moral (MHO) thing might be for the 'speculators' to just walk away. Show that Capitalism can have a conscience. B.

To: Dayuhan who wrote (2184)	8/27/1998 11:34:00 PM
From: Tom	Respond to of 2951

Steve: I've wondered about that occasionally. But over the past year domestic commercial banks have been taking positions against their own markets. One reason why Taiwan had no grounds for blackballing Amro, Citi and one other.... ING, I believe. Last year regional firms like Peregrine were involved in the first few rounds of attacks on Thailand. Also, we know that Malaysia has made attempts on the pound sterling in the past. The boldest without a doubt, however, are the hedge funds and/or their facilitators, registered or residing in the U.S. They are always in to the end w/ their "break or go broke" attitudes. We'll see how this progresses if the USD continues to weaken and U.S. equities markets resume their slides. How much gusto did they have when the USD was trending down? None. If someone were to suddenly change this game, they'd be the first to declare a foul. Their objective policies and emotionless rationale make them like so many N. Rothschilds operating in a much faster marketplace. Sounds dangerous enough.