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

To: Maurice Winn who wrote (55110)	10/29/2004 5:19:04 PM
From: TobagoJack	Read Replies (5) \| Respond to of 74559

Maurice, I was with a bunch of Americans at lunch yesterday. They were, to a man, and even a few women, principals, managers, or lawyers in the private equity industry, and all Republicans, and all voted for Bush-league the last time around. To charge the lunch conversation, I made my expected remarks about Maestro Greensputin ('Loosey goosey GreensPrint made it possible for you guys to raise such large sums to help US SMEs to move offshore at ever faster pace'), and I commented on the election ('the electorates will lose'), then I mumbled something about the Americans lost the understanding of freedom and confused it with rights, as in, 'Hong Kong is the best place to live. We have freedom here; what you got are rights'. The Maestro Greensputin issue was shelved for future dinner conversation; There seemed to be agreement in the restaurant on the 25th floor of the Hong Kong Mandarin Oriental that Kerry will win, and will make no difference to the 'real problems', because the problems are real; ... and on the last remark, uncomfortable laughter, but nodding of heads. As to Taiwan, there were no discussions, because it is an irrelevancy, an afterthought that no one ever got around to, a way-stop to China manufacturing, and a political entity fast nearing its expiration date. Had it come up during the lunch conversation, it would, amongst the Republicans, been a nuisance. BTW, the guest of honor of the lunch, a man who had achieved 93% per annum return in his private equity career, commented that the private equity returns going forward will be low, partially because the broad public equity returns for the next umpteen years will be in the low single digit range. I think he is too optimistic. Chugs, Jay