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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (83)	12/23/1997 6:56:00 PM
From: Defrocked	Read Replies (1) \| Respond to of 9980

Message 3030094

To: Thomas Haegin who wrote (83)	12/24/1997 3:37:00 PM
From: Worswick	Respond to of 9980

Kinmont is lucidly - and unfortunately - totally bearish Thomas. He says, "The government has no money. Japanese government accounts essentially are a check-kiting scheme. All things which are politically possible are irrelevant to the problem. (p. 42, Barrons, Nov. 17,1997) Then: "We're at the end of an economic recovery....iIf we see continuing problems in Asia the risks are all on the downside next year. (Ibid. P.40) Personally, I haven't listened to the bears on Japan for perhaps ten years. But what you see here in Asia now is totually massive deflation now. Alot of currencies flying off to money heaven on their little wings. What you hear is the flutter of banker's hearts pumping the blood faster.