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

To: Cynic 2005 who wrote (10752)	12/10/1997 3:49:00 PM
From: MythMan	Respond to of 18056

Dipsters refuse to capitulate <g> who the heck is dabbling in futures like that?

To: Cynic 2005 who wrote (10752)	12/10/1997 4:33:00 PM
From: MythMan	Respond to of 18056

Mohan - you just lost the sympathy rooting interest in the Orange bowl ng as Nebraska coach LINCOLN, Neb. - Tom Osborne will step down as football coach at Nebraska, ending an era at the school in which he became one of the game's most successful coaches and the Cornhuskers ruled the sport. Osborne said he will coach his final game in the Orange Bowl against Tennessee on Jan. 2. KLIN Radio in Lincoln - citing an athletic department source - said that assistant head coach and running backs coach Frank Solich will take over. The 61-year-old Osborne went 254-49-3 (.828) over 25 seasons with the Cornhuskers.

To: Cynic 2005 who wrote (10752)	12/10/1997 6:01:00 PM
From: John Hunt	Read Replies (1) \| Respond to of 18056

SMCP Flash - Chartist says Hang Seng may fall a little or a lot Chartist sees sell-off before HSI rebound scmp.com Wow, how perceptive. Hope he didn't stay up all night working on that one. <<< ggg >>> John

To: Cynic 2005 who wrote (10752)	12/10/1997 6:59:00 PM
From: Cynic 2005	Read Replies (15) \| Respond to of 18056

To all, I am going to touch upon a delicate issue. This is meant for bringing-up some human and cultural issues that could affect our investment decisions. While a lot of them are purely my opinions which are based on my observations or readings, I urge EVERYONE not to take any offense, if it directly or indirectly offends you. This is mainly meant for civil discussion. I am confident that this thread has many mature audiences to handle it right. As you all know I hail from India. A proud Indian I am. But, I do not like a false prestege displayed by some of my fellow Indians. Back in 1991 when IMF bailed out India out of economic doldrums, everyone said we don't need the white man's money to sort out our mess. The battle-cry was that the white men are back to conquer, this time with economic prowess. Considering the British imperialistic history the xenophobia in India is understandable. IMHO. What bugged me then and now is that very few really questionned the corrupt politicians and inept bureacrats who created the mess. But they vent it on the IMF team with the money bags. A full six years later, India saw an economic boom from which many seem to have benefitted. Now, the pols and businessmen are quick to claim credit. Today we are seeing similar out-cry in S. Korea is it really justified? What are the alternatives? Now, let us talk about the motives of the countries involved in backing IMF loans. Are they really altruistic? Or, are they, in essense, trying to protect some domestic business agenda for gaining an economic upperhand? I personally see nothing wrong with that. Survival of the fittest! But as a person who was born and brought-up in that region, I do have a sympathetic view for a variant of the Asian view point I mentioned above. After all, it all comes down to cultural differences. As a person with a lot of conservative beliefs, I also share the concern that western economic domination could lead to a radical cultural revolution with rapid change in Asian culture (I wouldn't use the word deterioration as beauty is in the eyes of the beholders.) For example - the survival chance of any marriage in the US is about 50% and in India it is over 99%. However, that doesn't mean that problems don't exist among the married couples in India. Does the global economy, influence of the TV are to be blamed for increase in divorce rate in India? (I don't have a figure - it is now higher but still relatively very small compared to that of US.) Is it necessary to uphold a particular culture at whatever economic cost? I don't know! But I do know one thing - in the event of an economic catastrophy, certain cultures hold better than the others. Unfortunately, I am not sure if US will be one of them. I cite one simple example for my doubts - it is unthinkable for me to pay my mother to babysit my children where as I have seen that happen in this country. Don't get me wrong. In many respects I am now half American myself. Also, I look up to this country as a great nation which provided the world with so many technological and medical inventions. Without America's contribution, the world would still be in the later stages of middle ages. Now, coming back to the point of discussion - I have seen a few derogatory statements by afew on SI and elsewhere who mocked at the so called Asian way or Asian values. I know that they have no idea about what they are, much less they know what they are talking about. But, it brings-up a point in my mind - should US also fall-out due to the economic problems in Asia, will Asians be made scapegoats out of the mess? That is, similar to Mahthir blaming speculators like Soros? Thoughts? -Mohan