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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Roebear who wrote (75549)	8/26/2001 2:55:52 PM
From: Alex	Read Replies (1) of 116760

<<"East Asia is going to be in for the ride of our lives," predicts Andy Xie, the chief economist with investment bank Morgan Stanley Dean Ritter in Hong Kong. "A lot of things are going to be rejuggled." For the past 16 years, East Asia exports had become increasingly dependent on equipment and components for the information technology boom centred in the US. That boom, accompanied by talk of a "paradigm shift" based on unprecedented efficiency gains from IT, also drew in increasing amounts of the world's capital, helping push the US dollar to ever greater heights. This month, that perception changed decisively. With the Nasdaq index measuring US technology stocks already collapsed for many months, official statistics on US productivity gains over the past five years covering the IT boom were also revised downwards to healthy but not exactly miraculous levels.>> smh.com.au

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