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

To: Bonnie Bear who wrote (11492)12/14/1997 8:18:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 18056
 
Bonnie, your assessment of Asia is strange coming from a staunch capitalist. ASsia problems are, IMHO due to central planning and government decisions of where assets are best employed. If the market made these decisions, the sixe of the the capacity gluts in steel, automobile ship building and chips would not be so severe as to require massive write downs. America have been asking for years (MU and TXN included) for the Asian tigers to stop subsidizing their "High Tech" sector, America is certainly not the cause of the problem, IMHO. Not this time (but if you insist, I can point on American folly in the past that have broguht the world to the edge of the abyss and in some cases plunged the world into major calamities.

Zeev



To: Bonnie Bear who wrote (11492)12/16/1997 10:50:00 AM
From: Thomas M.  Respond to of 18056
 
How are we buying up assets in Asia on any meaningful scale, when we run a huge trade deficit with those countries? It seems to me the transfer of wealth is going in the opposite direction.

Tom


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