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

To: Joseph Beltran who wrote (4108)	6/2/1998 10:08:00 AM
From: Thomas Haegin	Read Replies (2) \| Respond to of 9980

Joseph, Mike, feel yourself at home here! The more people exchange here, the greater the chances for a lively discussion. Thomas

To: Joseph Beltran who wrote (4108)	6/2/1998 10:21:00 AM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

Joseph, Wasn't that funny how we get run off the semi boards! :) It's so juvenile, it makes me laugh. Remember what, I believe, Mason or Shane said attempting to defend Asia topic? He said, "Saying Asia has nothing to do with Semiconductors is like the captain of the Titanic saying, Enough of this talk about icebergs, let's get back to navigation." Anyway, I'm not getting exactly the same feelings you are concerning Japan. But I need to back it up with some facts. I'll try to dig up some of the information I have been reading in the last week or so. I really think they are attempting to make their banking system transparent. Japan is turning their super tanker of an economy, but it just takes them awhile. I know, I know, it's been eight years. But the first six, I think they were in denial. Now I believe it's been admitted, and the hard work, not very popular work, is beginning. I do see some pretty strong signs of change. How else would we know, as does the entire world now, about their bad debts? This has only occurred in the last 6 months or so. I think we are confusing the fallout from the very high unemployment figures, recently released, with their lack of progress. I think they were stunned pretty bad by the news and are reeling from it. I believe the IMF funding will get passed. I don't personally have an opinion on whether or not its, good or bad. But I do feel it will pass. Greenspan and Rubin are very articulate with their views on why it is so important. It already was passed by the House. And now has to be pass the Senate. Then Clinton will immediately sign it. I don't think it will bode well for the markets (World markets) if the US votes it down. Thanks, MikeM(From Florida)