OTOTOT,
Sounds like I need a better source of info. :)
I was just trying to inform everybody just like Paul. I have recently been reading up on Asia and the Y2K problem. IMO, they will put a serious hurtin' on this market. With the situation in Asia is getting worse as we speak. Indonesia is already going down and others will follow. What do you think will happen to Japan when they lose their trading partners?
Throw in the hysteria from Y2K press and actual failures due to Y2K and you are going to scare money out of this market in a big way.
A WAY OUT? In the months to come, Japan's recession will show how much damage the dysfunctional economy can inflict on the world. A recent Morgan Stanley Dean Witter & Co. report figures that a recession in Japan will clip 2.5% off the region's GDP. It's time, then, for foreign businesses and policymakers to imagine a global economy in which Japan--the world's biggest creditor and Asia's most important player--spends perhaps a further five years in the wilderness searching for a solution to its problems. That means living with a much weaker yen and securing the global banking system against the shocks of Japanese financial failures
businessweek.com@@@5wNsIQAJq8bigAA/1998/20/b3578001.htm
Y2K may turn out to be all hype and Japan, Indonesia, Korea, might fix their problems. But what if it's not hype, what if the Asian tigers turn into cubs, what will happen to this already inflated market.
No one has to listen to me, listen to Paul, listen to the experts on Asia. I am just trying to open everyone's mind.
Regards,
Caisson |
