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

To: Paul Berliner who wrote (8227)	3/8/1999 11:08:00 AM
From: Frodo Baxter	Read Replies (2) \| Respond to of 9980

You're incorrect. From the looks of your statement, you a) don't understand the accounting rules and b) haven't gone within ten feet of a SEG filing. If I contract with you to buy buckets of lemons for $100,000 to make my lemonade, that's expensed in the cost of goods when you give me the lemons. Even if by that time, the lemons are only worth $50,000. Plain as day that I lost $50,000 in buying my lemons ahead of time, but there is no charge on the 'other' line. It only goes into the 'other' line if say I was buying cattle futures, because I was trying to be a First Lady rather than a juicer... >I was equally bewildered when the HKMA spent billions on a stockmarket intervention last year, only to have you send me a link showing an INCREASE in the reserves for the end of that memorable month - some mysteries most go unsolved. That's because they started their buying binge after the month in question. The reserves decreased the following month and thereafter. Yours, Fox Mulder