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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Taqi Hasan who wrote (12646)	10/23/1997 6:11:00 PM
From: IQBAL LATIF	Respond to of 50167

You need to really look at what percentage of revs are coming out of Asea, to your surprise you will be shocked- don't go too far go to INTC- don't forget another point I have just made export led economies are 'natural importers'= thesae economies are island economies- like Japan- NEKKEI has gone thru a slow down for five years but has demand of goods from Japan dried up? In my opinionweakness in ASEA is going to be compensated more then adequately by strength I see in Europe and latin America- but I agree with you that it will take som time to sink- I may be a lone voice but it is going to be true.US stands to benefit far more then it stands to looose- you don't manufacture a single shoe- you sell them in $'s but pay the wages and most of the cost in ruppiah and ringgit- the material required to make the shoe synthetic or other needs to be imported by Malaysians-so your cost becomes lower and margins are better- this is 70% of your imports in consumer sector apparel and small things like this- INTC or SEG are wage sensitive they produce their CPU's or DD's in ASEA and 100% are sold outside- in $'s- expences in ruppiah and ringgit and revs in $'s is positive.