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Strategies & Market Trends : Asia Forum

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To: Dayuhan who wrote (7217)	10/20/1998 2:19:00 PM
From: Jay Scott	Read Replies (1) of 9980

TXG (Asia 100 Index) back on a sell signal this morning. Maybe the hangover from the Japanese bank reform party is starting to set in. Steve, great post. What this market needs is more rocket science from the likes of Bob Rubin. I noticed that he failed to mention any culpability on the part of the Fed in keeping the dollar way too high. Gee, that couldn't have caused any problems, what with all those debts being pegged to the U.S. dollar. Our markets rode high with the dollar, and Clinton and Co. try to take credit for it. Now that the downside of deflationary policies is finally being realized at home, suddenly it is the fault of the "legal/banking systems" in those countries. Give me a collective break. The destructive policies and mind numbing incompetence of this administration have given "politics" an even more cynical bent than normal. Not an easy task, but one that we should certainly append to that long list of "accomplishments" of this administration. Oh, I forgot, what were the other ones.... JS

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