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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?
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To: fut_trade who wrote (1710)2/15/1999 1:02:00 PM
From: Ramsey Su  Read Replies (1) of 3902
 
Peter,

IMF has the same level of credibility as Bill Clinton. Their opinion is wishful thinking and has nothing to do with reality.

What reason did they give for a HK economic recovery? After Chinese New Years this week, massive amount of small businesses, restaurants are going to close their doors forever. The question regarding HK now is what economic role will it assume in Asia, now that her value to China as a conduit is greatly diminished. Unlike China, Taiwan, S Korea, Thailand, HK no longer has a manufacturing base. I suspect that HK is heading down vs an economic recovery this year.

As for the IMF, I think it is time the world exercise better judgement in spending billions of precious dollars.

Ramsey
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