Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: macavity who wrote (41502)	11/15/2003 5:50:41 PM
From: Condor	Read Replies (2) of 74559

Your conundrum reminds me of the Dow at 777 in 1982 and then away it went and never looked back. In the meantime I waited and waited for my forcast of doom and gloom to come true....alas....:o) I rec'd this from a cyber contact in Beijing'/Shanghei yesterday. I golf, but now it's winter. The prices for just about everything are really nice since I keep an American salary. I can hit it a mile also, but the direction is just never correct. I thought the prices would be higher, but the last round I played was 25$ for 18 on a weekend. The cost of living is very cheap, but I may be going back first thing next year. I'd learn Chinese for future business assets. Things really are going up fast out here, so many cranes all across Beijing and Shanghai. Truly amazing since I had never seen such new cities before. I was born and raised in Boston with frequent trips to NY; hardly new cities. CDMA learning and engineering is well along its way here, so I'm not sure how much longer my presence is needed. I saw an item on tv the other day where the Prime Minister of Canada was in Beijing and was floored by the growth he was witnessing out of his hotel window. If I have the connection right he commented to the effect....this is where we must adjoin growth. Our own Jay Chen had a great post the other day. He said: "Yup Nat, the whole place is made up of patches of construction sites arranged in between farm fields connected by new highways and buzzed with energy powered by 300 years of pent-up demand :0) I get scared about it all sometimes, because it all seems too much too fast involving too many spread out in too enormous an area." Befriend the trend. It is OK to be cautious but I wouldn't recommend pissing into the wind. cheers C

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