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Strategies & Market Trends : Asia Forum

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To: Stitch who wrote (6296)9/9/1998 3:46:00 PM
From: MikeM54321  Read Replies (2) of 9980
 
"Frankly there just has not been the kinds of ordinary signs of a deep recession here that one would expect. A few months ago I thought I saw it starting to happen; some shop closures, fewer people at the mall, a couple of stories of layoffs. But since then I have not really seen extreme signs of the downturn. In fact, just the contrary. I heard that the 4,000 people layed off from Read Rite in Penang have almost all found jobs. I have also spoken with a couple of manufacturers who said orders had picked up again."

Stitch,
Fascinating remarks. I would have expected very visible signs. And you are in right there in the heart of the Tigers. How about if you compare what you see, feel, and hear today, to June of 1997. What is that comparison like?
Thanks,
MikeM(From Florida)
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