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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: Sigmund who wrote (6167)	6/19/1998 10:54:00 AM
From: Bleeker	Read Replies (2) \| Respond to of 14266

It's interesting that a large number of venture capitalists have pumped funds into Japanese real estate in recent months: perhaps it's a sign that real estate prices have stabilized in Japan or certainly the $/yen around 145. Japanese blame foreign investors now for buying real estate at these depressed levels. I'm equally optimistic about Japan and the G7 meeting this weekend. Some are speculating that we may see the seeds of an accord as big as the 1985 Plaza but it will take a few months for us to really know if the yen's bottom is close to 150. I have a feeling it is and while I don't think the fundamentals warrant a huge devaluation of the $ yet like the Plaza Accord did, the Big Mac index doesn't lie in the long run. Perhaps more real estate capital will have to be destroyed as you say. But I think this is a good time to shop for equity in Japan. It's worth exchanging notes about Japanese ADR's, especially those with heavy export exposure and perhaps those in the interactive software or entertainment industry (Nintendo, Sony, Sega). Does anyone have any company ideas or track these companies closely? p.s. Sigmund, I hear Ayn Rand's the Fountainhead is censored at the New School and that Marquis de Sade is required reading. I hear the women there are more than just sharp, radical thinkers. Is it true? Bleeker

To: Sigmund who wrote (6167)	6/19/1998 12:00:00 PM
From: Dave Hanson	Read Replies (2) \| Respond to of 14266

"Marx and Adam Smith came from the same economic school (the Scottish School I think it is called) which was based partly on the labor theory of value. Marx went haywire with it and used it to foment revolution. But Marxists, although totally devoid of any sense when it comes to building an economy, are very good at critiquing and finding the gaps in classical and neoclassical economics. Their crisis theory is an example of where they are on to something." As a professional philosopher as well as an amateur economist, I wanted to add that I think Sigmund has this precisely correct. Marx's critical account is very much underappreciated by contemporary capitalists. Would like to hear more about your studies at the New School, when/if you're inclined. Dave

To: Sigmund who wrote (6167)	6/19/1998 6:13:00 PM
From: Jim Willie CB	Respond to of 14266

<<<< The reason why REAL yields have come down from the 80s is because there has been a secular downtrend in inflation.<<<< Sigmund, factor in also the enormous positive trend in the federal budget deficits, now in surplus for 1998 (perhaps much larger than the estimated figure) ... result of strong economic growth, widespread cutbacks in fed budget, and huge capital gains realized from THQ stockholders factor in also the enormous surplus in supply of most everything the world produces ... new phenomenon since fall of Berlin Wall and continued growth of Asian Tigers United States still has high bond yields relative to major industrial countries like Germany ... trend should continue into 1999, which will provide buoyancy to stocks in US ... major stroke of genius by Greenspan would be to LOWER interest rates, relieving upward pressure on dollar ... US inflation threat is WAY overrated / Jim Willie