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Strategies & Market Trends : Asia Forum
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To: MikeM54321 who wrote (4319)6/9/1998 10:04:00 PM
From: Frodo Baxter  Read Replies (1) of 9980
 
>But don't forget, "Asian crisis is good for us." Yeah right. Tell it to these companies.

That's in incredible straw man. I've never heard ANYBODY suggest that the Asian crisis is good for corporate profitability. They've said it's good for the CONSUMER. And that is quite clear. Inflation is nil and companies have no pricing power, commodities and oil are cheap and plentiful, and interest rates are if not low, at least not heading higher. Sounds like Goldilocks to me.

Remember, when someone else gets poorer, you get richer.
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