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Strategies & Market Trends : Asia Forum
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To: Dayuhan who wrote (6393)9/14/1998 2:48:00 AM
From: MikeM54321  Read Replies (1) of 9980
 
"Another observation is that while outsiders see the reduction in property values as "asset deflation", an item of terror, people in HK see it as manna from heaven.....This has led to a substantial increase in disposable income and business liquidity, and is actually encouraging consumer spending. My friend pointed out (and I suspect that he is right) that over the last 5 years the inflated cost of space has become a very real disincentive to business and a drag on the economy."

Steven,
Very interesting observations and a view I haven't read before. Thanks for posting it. I enjoy the comments, on this thread, coming directly from the Tigers.
MikeM(From Florida)
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