Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: JT who wrote (1354)	2/17/1998 6:35:00 PM
From: Stitch	Respond to of 2951

All; A link to a post I made on the Asia thread regarding Morgan Stanley's view of expected announcements in Japan this Friday: Message 3455242 Best, Stitch

To: JT who wrote (1354)	2/18/1998 3:04:00 AM
From: ----------	Read Replies (3) \| Respond to of 2951

2/18/98... HK annual surplus $33Billion vs. anticipated $17Billion. Welcome Yu Chen. Your survey & link are interesting. The story is typical of rampant speculation & the crash to relaxation that occurs from time to time in every country. In the late 1980's the US has a severe realestate correction in the Northeast & California. The king of buy property with no money down "infomercials" went bankrupt. Many had loans bigger than the value of their homes. The salary scale is interesting. But do you think it is meaningful? I mean no disrespect, just proposing another view. If I take US$500.00 to Mexico, I can buy a lot of things. If I take the same $500 to Tokyo, I might get dinner and a cab ride. But, I am not inclined to do either one. The only time relating my money to another country is if/when I intend on going to that country, OR I wish to purchase imported goods. In Shanghai or Bangkok, it may be the secretary has a standard of living as good as or better than his/her counterparts in other countries. It depends on the price of locally produced goods & services. On the other hand, being a typical American, I honestly cannot understand the reason or meaning of pegging someone's salary to the U.S. dollar, unless they intend to buy U.S. goods or are coming to the U.S. When the dollar was strong vs. the Yen, I bought a Toyota because it was cheaper than a U.S. car. Last time I bought a car, the Yen was strong and Japanese cars were more expensive, so I bought a Pontiac. But, when I go to the vegetable stand to buy fruit & Vegetables, there is no foreign exchange rate influencing the price. Comparisons of salaries are interesting, and enjoyable to read. (I may try & mail some of my paperwork to Indonesia to get the filing caught up. <g>) But their actual meaning is dependent on the cost of essential goods & services in the same country. Just my thoughts. I ALWAYS welcome open discussion & differing points of view. One of the great benefits of S.I. has been the many different viewpoints I have heard. Best Regards, Doug