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Strategies & Market Trends : Asia Forum
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To: MikeM54321 who wrote (6300)9/10/1998 8:53:00 AM
From: Stitch  Read Replies (1) of 9980
 
MikeM;

<<How about if you compare what you see, feel, and hear today, to June of 1997. What is that comparison like?>>

I guess the more visible things are less crowded bars and shopping malls. People clearly have pulled in their horns on spending. There have been a couple of plant closures that I know of, perhaps more. There has also been the visible return of foreign workers.

But stores are still chock full of merchandise and their have been no visible shortages. Traffic still seems as crowded as ever.

The preponderance of small talk has been along the lines of "yea, business is down, isn't it awful".

There was one case of a candy factory owner who was losing his business and committed suicide with his whole family. But otherwise things have been relatively normal.

The figures say that there is a deep recession underway however.

Best,
Stitch
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