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

To: Rational who wrote (355)1/3/1998 12:09:00 AM
From: Tom Markowski  Read Replies (1) | Respond to of 9980
 
Asia can't be held up by the IMF...US government...or the Grand Pubah.....years of corruption...overspending on useless buildings and bridges and other things have come back to haunt them.

Remember this: Indonesia, Malaysia, Korea, Thailand and others owe BILLIONS ( probably closer to a TRILLION) dollars in debt. No US or European bank will expect less than full payment. The US goverment can't do much. There just so many Boeing planes these people can buy.



To: Rational who wrote (355)1/3/1998 1:05:00 AM
From: Esvida  Read Replies (1) | Respond to of 9980
 
I think the recent posts tend to converge to the point that Japan holds the key to the recovery of Asia w/o damaging the US. Let's hope that the Japanese minister was serious in stating that Japan would not trigger a worldwide downturn. The US has maxed out its consuming power and Japanese is the only economy with latent consuming power meaningful enough to pull everyone out of this crisis. I hope that the Japanese will be up to the opportunity.

-Al


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