Asia Forum Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MikeM54321 who wrote (5985)	8/29/1998 4:38:00 AM
From: Stitch	Read Replies (1) of 9980

Mike, <<Maybe you caught the very first, tiny glimmer of hope towards a change in sentiment regarding the Asian Crisis?>> Maybe. But a word of caution here. I agree with your observations about the signals of change. They first come in very small fragmented pieces. This means a higher risk of false signals IMO. In addition I think it is in my nature to want to see hope. I will share a story with you. About three months before the Thai baht devaluation I gave a speech to a Singapore audience on the "Asia Economic Miracle". In that speech I debunked the term "miracle" saying that the extraordinary growth was due to Asian work habits and dedication as well as free market conditions. While I made mention of transparency issues and "favourable governmental concessions to big business" I predicted that Asia's growth would continue and prodded U.S. companies to take greater interest in Asian markets. I now know that the signals were there and I just didn't pay heed. By the flip side of that token I now eagerly consume any good news I can find. But the bit of pragmatist in me says there is still a lot of challenges and possible bad news on the horizon. Best, Stitch

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next