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Strategies & Market Trends : Asia Forum

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To: Z Analyzer who wrote (7380)	11/3/1998 9:28:00 AM
From: Ramsey Su	Read Replies (1) of 9980

Z, What I fear the most is all key figures in influential positions around the world have adopted the Clinton model - lie first and spin later. In the US, Greenspan and Rubin both give me the impression that they feel the people, especially the politicians, are too stupid to understand economic theories anyway. Only they have the power to secretly pull strings here and there to save the world. This LTCM thing is still rubbing me the wrong way. If we demand the Japanese to allow their banks to fail, how can we hide behind this "systemic failure" BS? and if there is such a great danger of systemic failure, how can Greenspan then not advocate regulating these hedge funds or at least demand tranparency? I still believe the dollar/yen is the most out of whack indicator. Any idea on what is supporting the yen? Ramsey

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