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Strategies & Market Trends : Waiting for the big Kahuna

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To: IQBAL LATIF who wrote (7458)	10/26/1997 11:23:00 AM
From: Joseph G.	Read Replies (1) of 94695

IQ, <<Has Asea been scrapped from the face of this world?>> Neither was US and Europe in 1929. <<And why don't you apprecaite the point that ASEANs are island economies dependent on value added exports- with devaluatio they become more compertitive.>> That's not too good for US/Japanese/Euro firms. <<They will need to import more to export more>> Just because they need something, does not mean they get to do it. If we assume a priori that everything's for the best, nothing bad can possibly happen - the conclusion will be everything's for the best. But, this conclusion is not based on anything but the original assumption. However, history teaches that not everything is always for the best. Joe

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