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

To: tom who wrote (619)	9/8/1998 2:32:00 PM
From: Paul Berliner	Read Replies (1) \| Respond to of 3536

I'd never trade on that data because the figures may be bogus - Most of those countries have lax accounting standards. Ex. the Peoples Bank of China said on 3/31 that non-performing loans were 10 - 11% of outstandings. Last month an audit revised the figure to 24%. I don't trust those crafty foreign banks as far as I can throw 'em. The IFR must be working with data that's practically worthless. They'll fudge anything not to have their sovereign debt downgraded.

To: tom who wrote (619)	9/9/1998 7:38:00 AM
From: N	Respond to of 3536

No, no comments at the moment Tom. Great post. Nancy

To: tom who wrote (619)	9/9/1998 9:21:00 AM
From: Henry Volquardsen	Respond to of 3536

"The head of the derivatives department isn't going to say that there's a 1-in-100,000 chance that he could blow the firm up. You'd never be in business if you were willing to admit that it may happen" I am and I do admit it. Any reasonable business manager recognizes risk and is willing to admit. But put that comment about 1-in-100,000 chance of blowing up the firm in context. First, it is fairly remote. Second think of a non-financial firm. If the head of development for a company commits to a big development program to penetrate a new market and they are taking a risk that they are wrong and will bankrupt the company. The chances are that most companies, in the normal course of business, take risks that may blow up the company.