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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (112489)7/13/2001 2:55:07 AM
From: TobagoJack   of 436258
 
The dying currency of a finished republic may get a respite tonight if Beijing gets the Olympics because it will mean Taiwan will get at least 7 more years of existence. Taiwan had a big role in throwing the vote to Sydney last time by spending their $ on some African voters.

Separately, Hong Kong market was supposed to go up by 400 points per morning call. It did not, probably due to the big houses' selling, portending bad things for the US market tonight.

The manufacturing boss-execs in HK (factories in China, markets in US, Europe and Japan) are now uniformly saying "I have never seen it this bad before". A large LCD maker boss said to me: "no orders placed in May".

Properties on the Victoria Peak (US$ 1500/sqf) are seeing the largest round of foreclosures ever in HK's history.

If the US FED has magic still in pocket, better use it while it can still create a one-day wonder bounce.

Chugs, Jay
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