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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (2221)	10/26/1998 5:41:00 AM
From: Box-By-The-Riviera™	Respond to of 3339

July? I find that a bit hard to comprehend. Joel

To: Les H who wrote (2221)	10/26/1998 2:20:00 PM
From: SBerglowe	Read Replies (1) \| Respond to of 3339

Les, Thanks for posting all these interesting links. How relevant do you find the Coppock Curve?

To: Les H who wrote (2221)	10/27/1998 9:05:00 AM
From: Box-By-The-Riviera™	Respond to of 3339

Bank Bailouts Not Beijing's Job Monday, October 26, 1998; 5:45 p.m. EST LONDON (AP) -- The Chinese government warned foreign banks that they should not expect Beijing to bail out their loans to bankrupt financial companies, the Financial Times newspaper reported in Monday's editions. Xiang Huaicheng, the finance minister, told the newspaper that Beijing will not be acting as a guarantor of last resort. Foreign banks have lent the recently failed Guandong International Trust and Investment Corporation and other investment companies throughout China more than $10 billion. Xiang said he expects the number of failed investment companies to grow. ''Local government does not have the qualification or the resources to guarantee these loans. I say to governors of the province, even I do not dare to provide these guarantees, so how dare you,'' Xiang told the newspaper. ''The foreign bankers themselves should look really carefully at these loans.'' Xiang's warning may come as a shock to foreign bankers, many of whom expected the Chinese government to assume responsibility for honoring the loans, the newspaper reported. But the government's hard line may also improve the health of China's financial system by forcing other investment groups to guard against corruption and ineptitude to protect the foreign loans, the newspaper reported. ''We announced to the whole world that we are doing something real now to reform our financial system. We are also giving a big warning to all the international trust and investment corporations across the provinces,'' Xiang told the newspaper. ''And this is also a lesson to investors and foreign bankers that before you provide these loans you should study Chinese laws carefully.''