ABC Evening News for Thursday, Nov 05, 1998
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(Studio: Peter Jennings) Federal Reserve Board chairman Alan Greenspan's warning today about the accelerated pace of financial activities quoted.
(No location given: Robert Krulwich) The role of international currency traders in today's free market explained; details given of the changes beginning in the 1970s when Arab oil money was invested abroad, with the use of computers that increased the international pool of capital, with the success of mutual funds & with investment in Asia in the 1990s. [Malaysian Prime Minister Mahathir bin MOHAMAD - says people can no longer stay with the free market system.] Examples of international investments into & out of South Korea in the 1990s detailed. [President CLINTON - talks about the investment cycle.] The current talk about putting control on the movement of international money noted.
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