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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 155.82-1.3%Jan 23 9:30 AM EST
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To: limtex who wrote (11525)6/16/1998 9:52:00 AM
From: Jeff Vayda  Read Replies (1) of 152472
 
limtex:

I take exception to your view of the Asian crisis. I get from your post that you think the sky is about to fall. Japanese industry as a whole is far from 'bust', on the contrary, the strength of the industries in Japan (and all over Asian) are part of the problem. These economies were built in part on their ability to export goods. When the export market slows, the resulting insufficient sales can not support the overbuilt industries and loan defaults result. (as in Korea) The remaining industries (then countries) come under pressure from the weaker industries (and countries) devaluing their prices (currency). The classic academic result is deflation.

The weakness of the region is the minimal home market for the goods they produce. This type of the economy has been developed from years of protectionist ways and will not change overnight.

If you happen to be invested in companies that support or depend (or sadly, are perceived by Wall Street to be such) on the current Asian economic establishment you are going to suffer short term. If you want to take the time and effort to track the events short term, go ahead. Personally, I have my retirement in mind and have as a result chosen companies that will prosper in what ever regional alignment presents itself.

There have always been (and will continue to be) people, who due to their planning and efforts, can retire in a style above the vast majority of the world's population. I plan to be cruising the world in my retirement. It may not turn out that way, but that is the planned result of my efforts.

Jeff Vayda
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