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To: dougjn who wrote (9883)4/16/1998 9:26:00 PM
From: Ramsey Su  Read Replies (4) | Respond to of 152472
 
dougjn,

this is way too broad a subject to seriously discuss here. All I can say is that I found thestreet.com with that loud mouth is more suitable for the afternoon talk shows than any credible investment advice. I disagree with most of the article.

The picture is increasingly clear. The yen is heading for free fall, some said 150 by year end. I wouldn't venture a guess but I think it may be optimistic. The artificial wealth in Japan will vanish the same way as the artificially inflated real estate prices. I can't think of any other way that Japan can maintain their competitiveness.

China is not the predator but the Chinese Thais, the Chinese Indonesians, the Chinese Malaysians, the Chinese Singaporians, even the Chinese Philipino (Aquino was one). This network almost guarantees anti Chinese sentiments at times of stress, as in the case of Indonesia now.

I really see Korea and China doing the right things with new leaders who are pragmatic. The Japanese leaders may clearly understand the situation but how are they going to tell their people that there are going to be some really rough times ahead? Taiwan will become part of China within the next 5-10 years. The remaining countries are really of very little consequence to the US economy.

The next major crisis is not going to be economically based. They are running out of food in many regions. When people are hungry, the politicians are ususally "encouraged" to act more expediently.

Overall, Asia is changing for the better. They are going to need lots and lots of cell phones, even if they only use them to call each other to compare miseries and hope for better times ahead. In the mean time, us capitalistic shareholders can sip our Doms and exchange opinions on cyberspace.

Now Maurice, is this long winded enough for you?

Ramsey - forever grateful that the stork did not drop me in North Korea 46 years ago.