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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Alias Shrugged who wrote (557)	9/3/1998 12:55:00 PM
From: Henry Volquardsen	Respond to of 3536

Mike, the question is what will be the financial assets the US writes off. It will not be debt exposure to emerging markets as our debt exposure is significantly less than Europe or Japan. The US banking system got badly hurt with leveraged exposure to Latin America, US real estate and speculative LBO financing in the 80s. As a result US lenders have been more conservative than others and don't have the same type of exposure. In which financial assets do you see us realizing big write offs? Henry