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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: flickerful who wrote (20087)	9/7/1998 3:24:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Randy-- Imagine the extent of misleading news <<$120 billion may have been spent on propping up the market>> I think this is total lies a country whose total reserves are $80 billlion cannot spend 120 billion $ on protecting the value of its stock market- the guy unfortunately did not even bothered to check the total market cap after fall of HK--if you check it you will be surprised.. As for the curbs semi protected economies like India, China has fared well in this present crisis, we need to go back to the drawing board and we need to see if IMF boiler platter prescription of opening currencies convertibility on capital account is the best thing, it is in my opinion unfair to ask these countries to go for long term infra structure development and than pull the plugs on them..thru unleashing bunch of speculators - Tsang is doing the right thing- it is not first time in the world that free markets have seen controls- lok at malyasia freed from the problems of currency speculation the market has found its levels..Deflation is out --bonds may suffer soon- if this rally continues..