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Strategies & Market Trends : Asia Forum
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To: Paul Berliner who wrote (5748)8/24/1998 11:47:00 PM
From: Dayuhan  Read Replies (1) of 9980
 
Paul,

I hate to flog this excessively, but:

<<they've had a 4 year bear market and a painful recession....>>

Will you please look at the historical data at:

localweb.neda.gov.ph
national/national/national_accounts_constant85_a.sc

(sorry, the whole link won't post)

and explain to me where the recession is?

PHISIX started slumping in Jan. 97, according to the last chart I saw, which antedates the Thai crisis and could have been considered an early indication of broader instability. That would have required real prescience, though - given the reputation of the Philippines as regional laggard, anybody could be forgiven for mistaking that for a local phenomenon.

If you can find a PHISIX chart showing a 4 year bear market, I'd love to see it.

Steve
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