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

To: Zeev Hed who wrote (4545)	6/14/1998 11:47:00 PM
From: Step1	Respond to of 9980

The Maginot Line, yes why didn't I think of this one... Zeev, sounds like you could have the script for a sequel to the new Godzilla movie... or a rerun of these classics: Godzilla Vs. Mechagodzilla (1974) Terror Of Mechagodzilla (1975) Godzilla Vs. Mechagodzilla (1993) And the freaky thing about this all is that each date of the reappearance of Godzilla lags deep economic problems by about a year... 1973 Oil shock -->> 1974 Gozilla to the rescue 1990 Bubble collapses -->> 1993 Mechagodzilla appears 1997 GDP shrinks -->> 1998 The new Godzilla movie ... Any link? sg

To: Zeev Hed who wrote (4545)	6/15/1998 3:12:00 AM
From: MikeM54321	Read Replies (2) \| Respond to of 9980

Zeev, I'm not sure if you follow the Hong Kong thread so I thought I would re-post the article below. I know you are somewhat bullish, but what do you think about Japan letting the yen go? If they do, it sure appears China is posturing (IMVHO) to let their currency peg go in response. Hashimoto's statements below are the most straightforward I've seen come out of Japan that they are really not that interested in stopping the yen's fall (except for that interview I posted with "five top Japanese business leaders" awhile back). If China let's the currency pegs go, then I'm fairly certain Asia is in for another terrible round of depreciating currencies and equities. This, of course, may unleash some new funds to flow into the US debt and equities markets. But my question is, don't you think there will come a time when no matter how much liquidity there is for US markets, that the crisis in Asia is just going to weigh too heavily on US equities to keep them going higher? And, I know, this is a far out question, and off topic for this thread (hint, hint: related to my concerns above), but what do you think about gold? Thanks, MikeM(From Florida) PS "Them there's fighting words," in bold below. ******************************** Japan PM says forex moves need careful monitoring TOKYO, June 15 (Reuters) - The current situation in the foreign exchange market needs to be monitored carefully, Japanese Prime Minister Ryutaro Hashimoto said on Monday. ''We need to carefully monitor the situation with close attention,'' Hashimoto told a parliamentary committee. Although the yen remains weak against the U.S. dollar and European currencies, it is still strong against other Asian currencies, Hashimoto said. When comparing goods exported by Japan and those by other Asian countries, Hashimoto said, ''The situation is not where we would rob U.S. and European markets from Asia.'' Hashimoto also said that Japan could not move markets on its own. ''We cannot move markets on our own and it is natural that situations arise where we would ask for cooperation,'' he said.