Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: peter michaelson who wrote (7378)	11/3/1998 9:47:00 AM
From: Paul Berliner	Respond to of 9980

Peter, the Mad Hatter doesn't seem to care. Yesterday he threatened that Malaysia's capital controls wont be lifted until currency trading is regulated. from Bridge: -----------------------KEY STORIES------------------------------------ MALAYSIA FOREX: Prime Minister Mahathir Mohamad said today that Malaysia's foreign exchange controls will stay for as long as there is no international agreement to regulate currency trading. "We are not going to change our exchange rate every now and then...we are going to stick with our regulations against currency trading as long as the world does not agree on the mechanism to regulate currency trading." (Story .9500)

To: peter michaelson who wrote (7378)	11/3/1998 10:43:00 AM
From: Stitch	Read Replies (1) \| Respond to of 9980

Peter, <<And just maybe the fixing is part of what spurred the rise in other currencies, by putting the strong prospect of a floor by fiat in place.>> Now that is an interesting thought, though I suspect the answer lies in U.S. interest rates and Japan's appearing to have taken steps to solve their banking problem. I also think the line drawn in Brazil has, in a round about way, caused some bullishness in Asia. In any case, I suspect Mahatir has a lot of regrets, not just the fixed exchange. <G> Best, Stitch