> How much have they actually disbursed, and how does it compare to need?
I knew you'd say that. I haven't the first idea about how the multipliers work (or not). But I wasn't adding in Japanese and now HongKong bank and market bailouts, either. The point is that Comrade Kilander repeated an old saw about throwing dollars at depressed markets, but like Nixon said, it doesn't work. You too seem imply that all we need is a Keynesian foot to the floorboards and everything'll be OK. Is that what you think?
Nah, I know it's not.
Mark I'm over my limit, sorry.
>
>
>
> According to an IMF release at
> <http://www.imf.org/external/np/exr/facts/asia.pdf>, total disbursements in
> Asia, as of the end of July, were $25b ($5b to Indonesia, $17b to Korea,
> and $3b to Thailand). According to International Financial Statistics,
> Russia had drawn about $11b as of June, with another $5b was drawn in July
> <http://www.imf.org/external/np/sec/pr/1998/PR9831.HTM>. So actual cash on
> the barrelhead equals about 1/3 as much as your envelope says.
>
> Besides, the central banks of the world are not supporting this with lower
> interest rates and a flood of liquidity.
>
> Doug
>
-- Mark Jones http://www.geocities.com/~comparty