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Strategies & Market Trends : Asia Forum

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To: Dayuhan who wrote (9081)	8/11/1999 3:08:00 PM
From: Ron Bower	of 9980

Steve, The midwest floods of '93 were bad, but don't compare to your situation. The floods we had were largely due to heavy snow melt off and I doubt if you'll have that problem -g- You said, "I think most of us go back and forth between wondering whether these countries can afford to implement these subsidies and incentives and wondering whether they can afford not to." The same argument took place in the early '80s when Reagan pushed through tax cuts with increased spending to curtail the recession. While it may have caused the large national debt, the alternative was much worse. Combined with Greenspan's rate cuts, the economy turned around. The same thing should happen in Asia in spite of the efforts being individual instead of a centralized plan. While each country is developing it's own strategy, the result could be increasing inter-country trade benefiting the entire region. Those countries that don't commit to economic recovery risk chaos from business failures, high unemployment, and declining tax revenues. I don't see that they have any choice. JMHO again, Ron

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