Tom Walker wrote:
>The lesson of the Asian crisis is that the limit of fictional accounting has
>been reached. Humpty-dumpty has fallen off the wall.
How do you know? Why can't the big boys restructure Asia into a nicely
subordinate region just like they did Latin America after its import
substitution strategies fell apart in the debt crisis of the early 1980s?
You may be right - I'm just wondering how you know the eggshell is
irreparably cracked.
"Korea is now owned & operated by our Treasury - that's the positive side
[of this crisis]." - Rudi Dornbusch on CNBC, January 8.
Doug
