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Strategies & Market Trends : Asia Forum

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To: Dayuhan who wrote (6421)9/15/1998 5:06:00 AM
From: Stitch  Read Replies (1) of 9980
 
Steven,

<<Bursting the bubble will cause a lot of pain to a few that can afford it (having raked in huge profits over the last few years), but I think it will ultimately improve the business climate and generate earnings across a wider spectrum.>>

This is, in fact, an apt statement for most of the troubled Asian economies isn't it? Whether it is deflated share prices or deflated real estate (both leveraged to the hilt) its the same I suspect.

So what and when gives? It cannot go on indefinitely. Inevitably aren't we heading for a tremendous amount of defaulted debt? Then the whole world pays.

Best,
Stitch
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