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

To: Derrick P. who wrote (6885)	10/2/1998 4:11:00 PM
From: Bosco	Read Replies (1) \| Respond to of 9980

<ot> G'day all - Ramsey, Derrick et al, while I don't know enough to make critique or to defend IMF, I'd suggest the situation is more complicated. I mean, if the world mono-causal, then one can say "if p then q;" however, it is not the case. For instance, there is a lot of blame on IMF on the Russian fiasco [and a huge fiasco it is,] there are concerns beyond the economy. Considering that country's nuclear arsenal etc, helping Russia is helping the US. The sharp rise of the US equity markets are based partially on global stability, and indeed, the great prosperities enjoyed by the US people are due in part to the relative [perceived] security in the Western Hemisphere. IMHO [which I am sure has ample objection here <g>,] if the world goes, so goes america. Having said that, obviously different people see different flaws in IMF. Certainly, some sort of schematic reform is a worthwhile thing. However, I consider myself as a couch potato participating the game show "jeapardy" at the comfort in front of my own teevee. And personally [again, I am willing to accept objections from my distinguished participants here,] the least we want is to have the people within the beltway gearing up for re-election to mettle with the genuine reform process with their left- and right- winged politics. best, Bosco