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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (12639)10/23/1997 6:00:00 PM
From: Taqi Hasan  Read Replies (1) of 50167
 
Ike,

Re: Lower production costs by US tech manufacturers

Hi there!! Didn't get a chance to get on SI for the past few days, busy at work. Lot of posts to catch upto as usual.

What about the lowered buying power of the Asians? I expect a fall
in revenue for the US multinationals from the PacRim countries.
Summer showed us a drop in revenues due to lowered sales in Europe,
now the 4th qtr will be impacted by sales in the Asian countries.

IMHO US bond market will be a prime benefactor of ASEAN money as a safe haven, not the stock market. Lower bond prices won't compensate for the earnings jitters for the multinationals.

Regards,
Taqi
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