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

To: TobagoJack who wrote (33648)	5/13/2003 9:51:42 PM
From: RealMuLan	Respond to of 74559

Hi, Jay, >>we must be closer to a bottom in Hong Kong now.<< Hope you are right. A friend of mine was joking and said HK has had few good days after returning to China.<g> >>I figure HK's future is remaining an offshore banking center for Asia/Greater China ala Bahamas, increasingly a wealthy residential enclave of primary or second homes for rich mainlanders ala Monaco, and becoming a fun palace ala Las Vegas.<< Sure looks like it, and I bet some, if not a lot, of those rich mainlanders are corrupted officials<g>. And how about a shopping center for mainlanders? I thought there are still a lot of mainlanders like to go to HK shopping. >>This direction of development means sharp adjustments in wealth distribution, income prospects, etc for most folks now living here, resulting in some winners and many losers.<< You are absolutely right.