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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (7821)	11/14/1997 4:22:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 18056

John, <<Asia needs profits, he said and unless the U.S. can soak up enough exports to fund them, tough economic measures will only compound problems. Howell believes Asia's currency problems are not nearly at an end -- ''There are at least another two shoes to drop in Asia.>> I think that shoe is India! The country is now facing a recession. Businesses are pressuring the Govt to devalue Rupee to stay competetive in the region (yes, India exports more than just cheap technical labor. -g-) The irony is that the whole region wants to export to the lavish American consumer who can give them dollars. At the same time, the American corporate is seeing a $ sign in every person in that region. -g- That analyst (in your link) said China is not 1.2 bil consumers, it is 1.2 producers. You can't say that about India, though! Indian domestic consumption is pretty good and it is growing in double digits for durable goods like washers, autos etc. I doubt if any possible Indian market fall-out will spook the US markets much. I will touch base with a friend this weekend and let you know how things are! -Mohan