Ramsey, I agree with your assessment that Asia II is around the corner, and frankly, this assumption is a cornerstone in the turnips' "Spring Relapse", I think that the Nikkei is artificially supported, to once more cover banks's weak balance sheets with inflated securities. Once March 31 will be out, I believe that the Nikkei could easily drop more than 800 points very rapidly and that may start another round of Asian securities weakness, IMHO.
As for China, it seems to go the other way than the Soviet block. the cracks started to appear in the Soviet block when we (erroneously, I believe) supported the reformation of the Baltic states, that crack coupled with a very mismanaged transition to "free economy" (resulting in the "Cader" taking possession of the "means of production"). Whomever think that one can turn such a big country on a dime, is simply mistaken. If we attempt the same trick with China, and G-d forbid, we succeed, we run the risk of plunging the whole world into a massive depression, IMHO.
Zeev
Zeev |
