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


To: TobagoJack who wrote (22558)8/12/2002 7:35:42 AM
From: elmatador  Read Replies (1) | Respond to of 74559
 
<then one heads for Bangkok,> Yes and not. As we discussed before, house is not investment, unless one plans moving to Ecuador.
But once one decides to move to Bangkok (BKK), it has that capital immobilized in a form of brick and mortar. At a time that the only viable sanctuary is BKK, to sell the house and head to BKK, housing prices will be in the cellar of the earthworm. That will serve as a deterrent for the person to move over to BKK. And then he stays on, prices will drop more and so it goes...

The log is getting smaller. The termite needs anew log to move over. No one is adding a new room to that Victorian house so, there isn't much wood added for the termites to live in.

Lets say that HK is being of today what Firenze and Verona were for the Marco Polo times (when they lived off trade). When the Turks too over Constantinople, in 1473, blocking the way to China, the world have to wait quite a bit to go around Africa. But the Italian cities were doomed since the day the Turks took Constantinople.

If one is in log -not Rock- HK, and has read the writing on the wall, the termite has to consider moving over to the next log BKK, before forced to.

The Abracadabra, at the end of the 15th Century, was the Naval School of Sagres, There, unknown by anyone, the guys were concocting an astrolabe to discover a maritime way to the Indies.
One day they, the Portuguese, reached the South China Sea, kicked the butt of the pirates and got Macau as a present from the Chinese who were very happy to get rid of the pirates.

You see those Chinese are involved in everything!!!! But Verona and Firenze never came back...



To: TobagoJack who wrote (22558)8/12/2002 7:46:24 AM
From: elmatador  Read Replies (2) | Respond to of 74559
 
The other ay you've made a very clever statement: Can't recall the posting but you said (or how I understood:

That the powers that be can't be mechanism of change. They are trapped on the rules of their own game. Only outsiders looking in can make change.

But the outsiders looking in, have very little chance. They can make a difference because they are not trapped by the rules of the game. But if they don't play by those same rules they've got no credibility to kick start change. That's the dirty little secret of the guys who hold the reins and strings of the money bag.

That said, it is not the outsider gate-crasher who has to fight for credibility. It is the insiders who will lose credibility until they just topple over.