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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (38911)	12/10/1998 10:41:00 AM
From: wlheatmoon	Read Replies (2) \| Respond to of 132070

As a novice, seems to me that the premium on CDWC's put option for april 75 is rather high. Is that a correct assessment? If so, why? Thanks. mike

To: Knighty Tin who wrote (38911)	12/10/1998 10:45:00 AM
From: per strandberg	Read Replies (1) \| Respond to of 132070

MB, what do you think the chances are for Brazil and Venezuela to get money out of the US tobacco industry? If the US smokers were worth $200 billion, the Latin America smokers could be worth a sum that would make the IMF funds look like peanuts. If they manage to squeeze out some money, this would be a great incentive for all other countries in the world to get some free money. Use the US legal system, just sue and sue on. Just a pipe dream?

To: Knighty Tin who wrote (38911)	12/28/1998 5:32:00 AM
From: eabDad	Read Replies (1) \| Respond to of 132070

Michael: With regards to China and devaluation. I was in Asia some months back, and learned a great deal about China. I was coming from ignorance, so it was easy. The devaluation of the Chinese currency thesis is based in the export economic equation. However, China is not an export economy like Korea, or Taiwan, or other SEA countries. China has quotas for internal production for internal consumption, as well as investment policies for doing business there. The policies are centered on a strong domestic economy first, and as long as that is there - there is really no risk of a devaluation. In some ways, I understand they view the devaluation as a destabilizing event in the region, leading to other devaluations, and that could derail their economy. Most economists that have experience with China say it is not really likely devaluation will occur. Yet, many reputable Wall Street firms are saying it will. However, I've only met a few Wall Streeters I truly respect. Z