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

To: B Tate who wrote (4167)	6/4/1998 8:20:00 AM
From: Bosco	Respond to of 9980

g'day all - dear B, thx for an interesting article. While the US market is hi, as it is acknowledged by most people [did anyone catch the Fed Vice Chairman M. Ravilin on NBR last nite?] IMHO, it is a misplaced comparison. I mean, before the fall, the Thai mkt [and many others, like that of HK,] was overweighted with real estate cos. The currency speculators might have been the one who spotted the crack, but this has pointed to the heart of the problem - the misuse and abuse of capital. I certainly hope the US has learned her lesson back in the early 90s. While the real estate market in the US has become red hot again, it is restricted to certain locations, like Manhattan, NY or Silicon Valley, CA. These runups are tied not to speculation but to the supply-demand of the respective communities, i.e., financial and hi-tech sectors of the region fuel the appreciation of the RE. Having said that, would speculators not tempt to make an killing wherever they can find it? Certainly! As we have witnessed the increase volatility. And would the bubble bound to burst? To paraphase M Ravilin's "it is hard to tell until it bursts" <g> Best, B