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

To: Zeev Hed who wrote (2339)	2/23/1998 12:09:00 PM
From: Ramsey Su	Respond to of 9980

Zeev, someone from my favorite stock, QCOM, found this article on Korea. nikkeibp.asiabiztech.com Looks like the meltdown in Korea is hitting the streets hard. What other consumer products are going to be hit? Cars, PCs, Consumer electronics...? I wonder if you give the average investor a map of Asia, how many can correctly identify China, Japan, Korea, Indonesia, Malaysia, Singapore, Thailand on the map. The results should explain why the market appears to completely ignore what is going on in that region of the world.

To: Zeev Hed who wrote (2339)	2/24/1998 2:04:00 PM
From: Worswick	Read Replies (1) \| Respond to of 9980

Zeev as a "Japanist" of some four decades I am of the opinion that the game is now over in Japan. What the Japanese have built has been destroyed in an onging act of creative destruction by the Liberal Democratic Party. The Japanese miracle is now the Japanese nightmare. Game over. It now comes out that we have 10%-15% of the GDP of Japan in unacknowleged, broken loans resting in the bank's "books" ready to blow the country back into the year 1962. What is happening in Japan with the LDP in power can be likened to the bunker like high command mentality of a Japanese garrrison on a Pacific Island in 1944. The American Marines wade ashore across the blasted coral reefs. They besiege the island. The Japanese soldiers on the perimeter fight with a fierceness that is barely imaginable- everyone of them would be eligible for the Mdal of Honor in our Army for unshakable bravery - ultimately howerver they will be betrayed by their comanders. The commaders for their part view the situation on the battlefield from a distance. Inside the damp humid caves it is unbearably hot but the commanders function in a strick set of guidelines described as "general's work". At some moment the General decides the situation is hopeless. Like a light swtich has been switched off the island defense evaporates by the lack of a guiding central will. The staff don their white funeral costumes and go out and committ suicide. Enclosed is an e-mail that I got from a friend in Tokyo whom I've coresponded with for decades. "The economy here continues to sink. The Economic Planning Agency announced yesterday that there was zero growth through January for the past three months. The Agency commented, however, that although technically Japan was in recession, the R word will not be used as traditionally they wait one or two years before actually announcing that the economy was in recession for that period." You've got to just love those bureacrats in the Ministry of Finance. Boy, they re really doing a good job aren't they? And my goodness the politicans are working even harder out there with their former class mates in the banks. At that do you know of a single Japanese who has faith in his elected leaders? I don't.