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Strategies & Market Trends : Asia Forum

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To: Michael Sphar who wrote (9220)	8/31/1999 1:07:00 PM
From: Robert Douglas	of 9980

Chavez must act quickly, though. Oil prices are leading off of expectations of renewed growth in Asia. But there are indications that growth in that region is just a temporary uptick, not a prolonged upswing. So, is Stratfor's perspective of an Asian uptick being temporary in sync with others views ? Not mine. I think the recovery will be long-lasting and eventually very broad. The rise in asset prices, currencies and profitability will feed on each other. Economic, financial and banking reforms are needed but are not necessary for economic recovery to occur. The huge amount of fiscal and monetary stimulus applied during the last year makes predicting recovery a no-brainer, IMO. -Robert

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