fascinating period. That bit where the road runner goes over the cliff and his legs are still going around. And then suddenly three months later, we looked, Dynamite realized that it's an North Asian problem. It's an Asian financial crisis, not a Southeast Asian. Well, that brings us back to the point I made earlier about hope. And I'm sure in that period, there was a lot of hope, a lot of false hope, because of the difficulty of trying to forecast the flows of capital. What made that period so interesting in your view? So I take credit for getting some things right during this period, but also take the blame for getting some things wrong. So I wasn't that worried about North Asia either. North Asia was different. I mean, if we take a country like Hong Kong or Korea or Taiwan, these countries were running large current account surpluses. They were selling more international exchanges than they were buying. That's what a surplus is. It's a very strong position to be in. The United (55/60)
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