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Strategies & Market Trends : HONG KONG

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To: RealMuLan who wrote (1341)2/14/1998 9:56:00 AM
From: Worswick  Read Replies (2) of 2951
 
Yiwu Barton Biggs seems to me to be getting on both sides of the horse at the same time in the article you posted. This is a difficult if not impossible feat for an ordinary man, but not, perhaps, for someone who has $150 billion on the table. It's not that Barton loves China, it's just that he's a deeply worried man.

I noticed a similar Morgan Stanley "pronouncement" about the incredible good health of the "emergent markets" in months to come, particularly China, that came out of one of their people visiting Peking. I scratched my head and wondered. I believe Morgan Stanley has gone on the PR offensive here to build people's confidence.

I'll say again Barton's message was full of so many equivacations wrapped in rose balls that he seems to be dancing to a very fast tango. Jesus but he has such a great tailor and looks so great. I can't imagine, however, the heat this guy has taken from all the money mangers who bought "emergent market" products served up by Morgan/Stanley.

Personally, I'm not a bear on Asia. I just think the plumbing needs fixing and the honey pots are overflowing.

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