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To: Michael Burry who wrote (7777)	7/16/1999 5:52:00 AM
From: Count de Monie	Read Replies (2) \| Respond to of 78516

China threaten Taiwan with war if it declare independence. The interesting fact is that Taiwan's stock index is down 6 percent this morning. I put the odds of any invasion at less than 5 percent. Taiwan has not and will not declare independence, it's just testing to see how far it can go with China. I see an opportunity to make a quick buck here. I predict Taiwan's stocks will recover a few days from now. I need some advice on finding ADRs from some of Taiwan's top company. How do I search for these ADRs or if you know of some? Anyone else see a quick value play in this situation? Thanks, Count de Monie

To: Michael Burry who wrote (7777)	7/19/1999 12:00:00 PM
From: Freedom Fighter	Respond to of 78516

Chained GDP Here's a couple of posts on the GDP measurement changes that were made in 1995 that account for a lot the favorable numbers that the government is "making up" these days. At a minimum we can be sure that current U.S. economic statistics are not anywhere near comparable to past data or data supplied by other nations. The 'new era' is mostly a new statistical adjustment. Message 10563264 Message 10563284 Wayne

To: Michael Burry who wrote (7777)	7/20/1999 9:17:00 AM
From: porcupine --''''>	Respond to of 78516

GM Reports Record Earnings Tuesday July 20 8:36 AM ET DETROIT (AP) - General Motors Corp. (NYSE:GM - news), benefitting from increased sales of light trucks in the hot North American market, said today that it posted a record $1.7 billion operating profit in the second quarter - a more than five-fold increase over strike-depressed earnings a year ago. The world's No. 1 automaker earned $2.66 a share, compared with $306 million, or 40 cents a share, for the April-through-June period of 1998 after excluding earnings from GM's former parts unit, Delphi Automotive Systems. Delphi was made independent from GM in May. Sales totaled $45.1 billion, compared with adjusted revenue of $37.3 billion a year ago. GM's earnings exceeded Wall Street analysts' expectations. The average estimate of 15 analysts surveyed by First Call Corp. was $2.56 a share. As was the case with Ford Motor Co. (NYSE:F - news), which reported strong North American results last week, GM earned the bulk of its profit from strong sales in the United States. ''In one of the most intensely competitive markets in recent history, our North American automotive operations took advantage of the strong demand and recorded net income of $1.5 billion, despite the extremely tough pricing environment in this key region,'' Chairman Jack Smith said. GM also showed improvement in Europe, where operating earnings of $187 million represented a 51 percent improvement over the $124 million earned a year ago. GM credited strong sales of its new Opel and Vauxhall Zafira minivan and redesigned Opel Astra subcompact. Elsewhere, GM lost money. In the Asia-Pacific region, GM's red ink totaled $81 million, compared with a $36 million loss in the same period of 1998. In Latin America, Africa and the Mideast, GM lost $38 million, compared with a $48 million profit a year ago. For the first half of the year, GM's worldwide operating earnings totaled nearly $4 billion, or $5.33 a share, double the $2 billion, or $2.33 a share, in the first half of 1998. Revenue totaled $87.5 billion, up 13 percent from $77.3 billion a year ago. GM's earnings in the second quarter of 1998 were affected by strikes at two parts plants in Flint, Mich., which cost the company an estimated $890 million, or $1.32 a share, after taxes.