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Strategies & Market Trends : Asia Forum
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To: Paul Berliner who wrote (5748)8/21/1998 7:52:00 PM
From: Stitch  Read Replies (1) of 9980
 
Paul;

<<I can't contend with a Philippines resident, but they've had a 4 year bear market and a painful recession.... I can't be the only one who has read articles on their ongoing debacle....anyone out there?>>

Couldn't dispute that the Philippine economy has had its share of problems but I am a bit doubtful that it was a leading indicator of Asian problems. Most of the articles I have read now have a tone of "we should have recognized that" with regards to Thailand, Indonesia, and Malaysia. If anything I would go back a bit further to China's devaluation of the Yuan and the early signs of recession in Japan. In any case, like any broad decline there were many factors that built up stress points throught the finacial structures of Asia. What I find incredible is the level of denial that still seems to plague the systems here.

Best,
Stitch
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