Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TobagoJack who wrote (25755)	11/26/2002 11:57:50 PM
From: energyplay	Read Replies (1) \| Respond to of 74559

Jay - Do you expect that for 2003 there will be the ususlly sector, market and country re-evluations ? And I would expect that funds would be allocated towards China, going to an "overweight" position ? If you then multiple by the "weight", it.e, market cap- the market caps for China have been increasing - couldn't this lead to a large influx of money to China, at least until late February, when everyone starts worrying about Japan ? Why wouldn't you want to hold Hopewell a little longer ? (unless you've better places to put the money ? )

To: TobagoJack who wrote (25755)	11/27/2002 12:30:18 AM
From: elmatador	Respond to of 74559

Japan retail sales fall for 19th straight month 27 November, 2002 11:52 GMT+08:00 TOKYO (Reuters) - Sales at Japanese stores deteriorated for a 19th straight month in October as worries about jobs and falling incomes persuaded consumers to keep their wallets in their pockets. The data released by the Ministry of Economy, Trade and Industry on Wednesday underlined the problems facing the world's second-biggest economy as government plans being hammered out to tackle bad loans could add to the short-term pain. The ministry said retail sales fell 2.8 percent in October from a year earlier -- slightly better than a 3.0 percent drop in September. Month-on-month figures showed retail sales fell 2.0 percent from September on a seasonally adjusted basis. "Personal income is declining rather steeply, so it's no surprise that consumption is not strong," said Naoki Murakami, an economist at BNP Paribas in Tokyo. Personal consumption has been holding steady despite a sluggish economy -- July-September gross domestic product data showed private-sector consumption, which makes up 55 percent of GDP, rising 0.8 percent from the previous quarter. But personal spending is seen at greater risk as wages and job conditions are expected to deteriorate further. ... The government is compiling an extra budget for the fiscal year to next March that will include about three trillion yen in new spending focused on "safety nets" for smaller firms and employment as the economy deteriorates. More fallout is expected as the government pushes ahead with efforts to clean up bad bank loans, which could lead to a rise in corporate bankruptcies and unemployment. asia.reuters.com