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

To: Joseph Beltran who wrote (7101)	10/14/1998 9:22:00 PM
From: Tundra	Respond to of 9980

Joseph, I tend to agree with the general tenor of your post. In my case, I have found myself consistently disappointed at the Japanese response to economic concerns. At this point, my level of expectation is so low that perhaps a pleasant suprise will occur soon. I won't count on it, though. Having somewhat castigated Japan, I believe I would be remiss and inconsistent if I didn't comment on the LTCM fiasco. I don't particularly care about the lenders which did not possess federally insured deposits. They can live and die by the sword as far as I am concerned. However, I believe a different analysis applies to those institutions with federally insured deposits that apparently loaned great sums of money without much of a clue as to the risk involved. Heads should roll. Hard. { The same comment applies to today's BAC fiasco}. If not, we appear to be saying do as I say not as I do. Regards, Tundra