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

To: yard_man who wrote (49546)3/3/1999 10:31:00 AM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Tip, the political climate is awful, with rowdy neighbors on every side. They are a low labor cost export economy, but I like the prospects for the domestic side right now. Everybody's major trading partner is the USA, as we are the only ones willing to go into debt to buy foreign stuff. After that, it is Europe and other Islamic countries, primarily the OPEC ones.

MB



To: yard_man who wrote (49546)3/3/1999 2:16:00 PM
From: Monish Shelat  Read Replies (2) | Respond to of 132070
 
Wasn't there some talk of a possibility of defaulting on their debt and then restructuring it? I don't know if it has happened or not ...


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