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To: limtex who wrote (11525)	6/16/1998 9:52:00 AM
From: Jeff Vayda	Read Replies (1) \| Respond to of 152472

limtex: I take exception to your view of the Asian crisis. I get from your post that you think the sky is about to fall. Japanese industry as a whole is far from 'bust', on the contrary, the strength of the industries in Japan (and all over Asian) are part of the problem. These economies were built in part on their ability to export goods. When the export market slows, the resulting insufficient sales can not support the overbuilt industries and loan defaults result. (as in Korea) The remaining industries (then countries) come under pressure from the weaker industries (and countries) devaluing their prices (currency). The classic academic result is deflation. The weakness of the region is the minimal home market for the goods they produce. This type of the economy has been developed from years of protectionist ways and will not change overnight. If you happen to be invested in companies that support or depend (or sadly, are perceived by Wall Street to be such) on the current Asian economic establishment you are going to suffer short term. If you want to take the time and effort to track the events short term, go ahead. Personally, I have my retirement in mind and have as a result chosen companies that will prosper in what ever regional alignment presents itself. There have always been (and will continue to be) people, who due to their planning and efforts, can retire in a style above the vast majority of the world's population. I plan to be cruising the world in my retirement. It may not turn out that way, but that is the planned result of my efforts. Jeff Vayda

To: limtex who wrote (11525)	6/16/1998 10:21:00 AM
From: marginmike	Respond to of 152472

I think your wrong. I think that the japenese will take meaningfull steps to rectify the situation. If they took steps before the election it would be political suicide. If those steps will work is another story. I think that the actuall problem isnt getting any worse(not saying its not a mess). However the perception that there is no solution is stupid. The japenese are the richest Country in the world. They have ample liquidity to burgen up their banks, reduce consumption taxes. Once the perception in Japan has improved the Japenese consumer will react quickly. The japenese react as one big group. Its a very tight society. Remember these people are getting mere % points of interest on their savings. When they feel things are improving they will re enter capital markets, and have more confidence to go out and spend money!