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Technology Stocks : America On-Line: will it survive ...?

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To: jack rand who wrote (8221)2/24/1998 9:52:00 PM
From: Pancho Villa  Read Replies (1) of 13594
 
>>Notion that there are islands of isolation is crap.<<

what can I say. I agree 100% you get an A+. One intersting point also is that people talk about Asia accounting only foe 15% of US exports and therefore the Asian crisis only having a limited effect is a bunch of c..p. US exports to other nations will also suffer as we will have to compete with cheaper asian products everywhere. Also, other countries affected like europe and SA may have less foreign exchange to buy our goods. But don't worry, we have all this high tech stuff that no one else has so they will import anyway!
IMO the Asian crisis willl be much more severe than people think about 3X the impact of the previous SA crisis, and Japan won't bail them out.

Pancho
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