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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (17829)	9/17/1999 7:30:00 PM
From: Rational	Respond to of 18056

Indeed, many bears forget that the current asset values in Eorope, Japan and US have a premium due to the socio-political uncertainty in the rest of the world relative to that in the developed world. This premium cannot be justified by economic grounds and so will collapse as soon as the poor countries become smarter to create stability. Countries like China, India and Malaysia deeply understand this issue of stability and have followed shrewd policies that the standard market economists cannot fathom or rationalize with their tunneled vision.