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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Lian who wrote (33706)	10/27/1997 11:52:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 58324

Wayne <<Japan's economy is contracting currently. Europe is going slow. Now with the Asian dynamic regions slowing down, can the US do it alone? I think these days the economies are interconnected so tightly that the US economy will also slow down>> Hong Kong is looking at a recession. Let's consider this: Singapore's market has fallen more than Hong Kong's percentage wise since the beginning of the year - why haven't commentators jumped on the Singapore plunge? Singapore's GDP is higher per capita than Hong Kong's. Singapore has a more centralized role to play in the region being situated geogrphically closer to India, Pakistan, Indonesia, Thailand, Malaysia, and the Philippines and serves as a larger shipping port to all these nations. Singapore is now coming out of its "recession" as its market has bottomed. The drop in Singapore today was in simpathy with the drop elsewhere. As Singapore goes, so goes Southeast Asia - this is still true. It isn't "as Hong Kong goes, so goes Asia." Singapore is the key to Southeast Asia, not Hong Kong. Hong Kong's rates are being mercilessly manipulated by China's Central Authority. China doesn't know what they are doing relative to running a free market and they are erring greatly. Interestingly Rubin was interviewed today and stated that China needs to "pursue a free market policy", i.e., loosely interpreted, "get your hands off the purse" "Can the US do it alone?" The world is moving forward technologically and they will do it even if they have to print money to create inflation, avoiding any deflationary effects. This talk of deflation just isn't right. Japan will take the steps necessary to create further demand for goods within their country. Japanese people like saving but they don't like spending as do the Europeans. You can't horde goods and expect to survive though. The liberal giver gets to himself more wealth - and old, true saying.