Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Cyrus who wrote (13654)	11/7/1997 4:48:00 AM
From: IQBAL LATIF	Respond to of 50167

Derell- Look at Japan- caught in this spiral of bankruptcies- I for one thought we have finally seen the end but it broke thru the critical support- Nekkei and Brazil needs to be stable before we see resumption of any bull trend- I will be cautious and I think todays strong unemployment number will be hailed saviour for this market- global demand is retreating but US by showing that it is not entrapped in this 'quicksand of deflation' cannot at this moment show a weakening economy- US economy will need to lead the ASEANS and Latin Americans- I think this is a crisis of confidence- HK 60% market capitalisation relates to property companies- we will see a correction of 30%-40% in property prices that would put undue pressures on banks like HSBC and others who stand exposed so for me banking sector will be hurt but I doubt we will see recession ensuing their overall export led economies will certainly move in a higher gear- on global basis a slight overheating of US economy will help situation all around- this crisis on scale of 1-10 is at 5 if Mexico was 9- the maths is very simple Mexico had no reserves to fall back on - today we have countries where each and every one of them has ample reserves. Asia take one third of US exports , so for US to flourish we need ASEANS and ASIANS to be helped by a strong US economy.