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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (1942)	2/17/2001 12:16:33 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hong Kong not ideal for hibernating through a Nasdaq Winter. The hubbub and bubbub makes one wanting to be active, winning or losing, but active. Immediately after the TianAnMen thing in 1989, when my portfolio was secure but my China business went south, I spent six months here fridaysboracay.com helping my Aussie buddy renovating to first class resort ... I mentioned earlier that I wanted to be an architect before I ended up playing with chips and circuits. The Aussie still owns it and his people run the place from Manila. The peso is cheap, the temperature nice, and you get to hear no intl news of consequence. I also spent 12 months in Manila helping to turn $100k into $7.4mm and back down to $100k, but partying all the merry way. What kicked me out of the dream like existence in Boracay and Manila was (a) China's economy boomed, and (b) Saddam invaded Kuwait and the resulting Philippines inflation (oil)/interest (45%/yr)/unemployment (500k Filipinos returned from the Middle East w/o jobs) rate increase pulverized my the real estate plays. We were whole, but the bank was left in a hole, shouting four letter words. I have a bit of experience with downturns, detours and blind alleys, and really prefer them to an environment where some pumpkin patch maestro is treated as a genius.