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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (1514)	5/19/2003 9:15:13 PM
From: Earlie	Respond to of 4907

Tooearly: Excellent commentary. Note that many of the points the author makes, have been discussed on this and other closely-related threads. Consequently, Lurkers have been getting an excellent and relatively inexpensive eduction, which is why some threads are so valuable. Best, Earlie Best, Earlie

To: NOW who wrote (1514)	5/19/2003 10:53:28 PM
From: LLCF	Respond to of 4907

Thanks. DAK

To: NOW who wrote (1514)	5/20/2003 3:54:53 AM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 4907

tooearly, Here is a rebuttal argument to the article authored by Mr. Duncan and published in financeasia.com... financeasia.com I would like to add my own rebuttal to Mr. Duncan's rather simplistic coverage of a very complex equation. Mr. Duncan states that the various Asian governments have no other asset in which to place their US$ reserves other than US government debt. He further claims that Asian governments were largely (or partially) responsible for the NASDAQ bubble, because during the late '90s, American equities were the only viable asset where they (Asian governments) could repatriate (read: invest) their US$ reserves. Well, this is really nothing more than a rehash of the old argument that government debt competes directly with capital markets for available investor capital, which as far as I know is true, has always been true, and will always be true. To poke a small hole in Mr. Duncan's presentation, it would then follow that if the US government suddenly stopped providing convenient government debt vehicles for the Asian governments to fund with their US$ cash reserves, that the Asian governments would be left with no other choice other than to re-inflate US equities ala the bubble years. Rubbish! Therefore, I think Mr. Duncan's viewpoint may contain some flawed premises... KJC