Soros letter

Doug Henwood dhenwood at panix.com
Sat Aug 15 08:47:26 PDT 1998


MScoleman at aol.com wrote:


>in the ny times today (8/14) the article on Russia's falling market said bonds
>had become completely worthless, with interest rates approaching 300%.

I think the whole Russian stock market is now capitalized at something like $18 billion, or about 1/3 of Bill Gates's personal net worth. Trading volume, if I read the TV screen correctly yesterday, was $23 million (an m, not a b). Clearly, Microsoft should buy Russia.

Doug



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