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To: Jim Willie CB who wrote (149363)10/28/2002 1:05:46 PM
From: H James Morris  Respond to of 164684
 
>>the next decade will be all about Asia
and their emerging economic powerhouses<<
A few of us have talking about China on this thread.
>>BUT MOST OF ALL, OUR ACHILLES HEEL IS OUR DEBTS<<
I personally have no debt. I pay off my credit card every month and have no mortgages on my real estate holdings.
But, I get your point.
Thanks for dropping by.:)



To: Jim Willie CB who wrote (149363)10/29/2002 10:14:21 AM
From: Victor Lazlo  Read Replies (2) | Respond to of 164684
 
<<the next decade will be all about Asia
and their emerging economic powerhouses >>

LOL! The fact is, Asia is a house of cards !

They've got massive overcapacity, prices are under severe downward pressure, unemployment is ramping up, and most people in Asia remain very poor. And consumer demand in the US and other countries is just now seriously weakening, and that wwill hurt Asia a lot.

The Asian govts' big subsidies of the co's there won't help much going forward.

Meanwhile in Japan the banking cisis still looms large, since ntohing has been done to resolve it.

Yeah asia, ha ha!