SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Asia Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stitch who wrote (5777)8/23/1998 12:32:00 AM
From: Rmn  Read Replies (1) of 9980
 
Stitch, how would you recommend that we take advantage of this opportunity. You can not continue to throw good money after bad. If Japan would liquidate the assets of the failed banks, this would creat a profit opportunity which would light a spark in that economy. Politicians and bureaucrats trying to maintain their jobs and the jobs of their benafactors is what is killing Japan.
It kills me to hear you guys talk about financial markets as if they are above the 'petty influence of politics or government policies.' If history teaches us anything it is that any people could prosper or wallow in squalor. The difference is the environment created by the governments under which these peoples exist. Look at mainland China vs. Hong Kong.
Rule of law might seem like a small thing compared to the crisis's in east asia but that is one of the missing ingredients in Russia and Indonesia that lead to this mess. That is why Clinton is in trouble, because no man is above the law in this land. Unfortunately the only guidance these poor countries are getting from the west if from a bunch of damm socialialists running the IMF according to some idiotic cock book. Devalue, increase taxes, and above all, raise interest rates. Now since thats failed miserably they are telling Russia and China to not devalue. Too late.

Just my two cents worth
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News