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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (32738)	10/29/1998 10:06:00 PM
From: HammerHead	Respond to of 94695

<< Haim-- As of June 30, foreign debt was up 16.3 per cent year on year to US$137.96 billion, official statistics showed. >> This is exactly why many(Milton Friedman and George Shultz) argued against IMF. Schultz said IMF has been a destabilizing factor in Asia. Rather than allowing imprudent lenders to suffer the averse consequences of their reckless behavior, IMF rewarded them. If I were told to invest in junk bond with 30% yield and bail-out safeguard, I might join the bet too.