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

To: Worswick who wrote (6449)	9/16/1998 9:27:00 AM
From: the Druid	Read Replies (1) \| Respond to of 9980

Oh, come on! Did you get this message from a cabin in the woods, or from a star-ship of the heaven's gate?

To: Worswick who wrote (6449)	9/16/1998 11:10:00 AM
From: Paul Berliner	Read Replies (2) \| Respond to of 9980

RE: Soros & Clinton Deaths......... Worswick, my sister emailed me the Clinton Deaths 2 weeks ago and I forwarded it on, too! (it already had about 100 email addresses at the bottom of it). I guess its a sign of the times - what goes around comes around - bet you also got the free trip to Disney Land chain email, or how about the MSFT one where Bill Gates will supposedly send the first 1000 recipients $1,000 each for testing a new email tracking software? As for Soros, I might disagree with his statements, but the guy is as honest as honest can be. When he wrote the FT article lobbying for Ruble devaluation, he told Reuters that he was long GKO's but had no short position in the Ruble. He knew that devaluation would hit the Quantam fund hard. So why did he, other hedge funds and all the money center banks hold 'em instead of bailing? Because they were trading for 50 cents on the dollar, and expected a devaluation of 15%. However, they did not expect debt default - they were essentially all betting on a G7 bailout (the IMF was/is broke). If everything had worked out the way they planned, Russia would've devlaued but the G7 would've guaranteed the GKO's, of which the popular 90-day and other ST ones were yielding 200% annualized (leaving the hedge funds and money centers plenty of profit even after a devalution). But because of the surprise default, they all were burned. When Soros, Lewis or Robertson speak, people listen because these guys do their homework like no others - and have the track record to prove it. Also, public enemy # 1 in the Asian countries referred to by Ramsey is not Soros, but the sick leaders & corruption that have driven their lands into despair: Yes, Malaysia is looking more and more like Indonesia. Anyone can look up Quantam, Tiger or Quota funds' primary U.S. long holdings by going into www.sec.gov and searching under the above names, or you can just search under 'Soros' sec.gov P.S. Ramsey, the IMF money to Indonesia is delivered in tranches, not in a lump sum.