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

To: Lee who wrote (5063)	7/6/1998 10:49:00 AM
From: Joe Dancy	Read Replies (2) \| Respond to of 9980

More articles: ASIA AND JAPAN Collapsing currencies and sinking economies cascaded from Indonesia to South Korea, robbing US mutual fund investors in Asia of as much as one-fourth to one-half of the value of their investments in the second quarter. It was the second disaster in nine months for investors in Asian mutual funds. globe.com While Asian vehicles made inroads in the U.S. auto industry in the last two decades, Asians are finding the globalization cuts both ways. Of course, if the yen gets cheap enough U.S. auto workers will again feel the pain. freep.com The Asian economic crisis has worsened beyond expectations, and analysts predict the deepening downturn could have profound consequences for the economies of Europe, Latin America and the United States. dallasnews.com Today, in a turnabout few predicted, the business tactics that made Japan so fearsome have led to its undoing, causing one of the sharpest economic reversals in a generation globe.com Analysts see the United States headed for a dramatic slowdown in growth because of troubles in Asia. And that is the best-case scenario. In the nightmare versions, economists fear the Asian crisis could spiral out of control, bringing down first Japan, then China and in short order engulfing the whole world in a global recession. detnews.com The Asian crisis is getting worse, and spreading according to some. triblive.com Japanese leaders signaled their readiness for a permanent tax cut to jump start the country's moribund economy, a day after announcing a long-awaited plan to deal with Japan's banking crisis. ph-ad01.focalink.com Russian, Korean, and Japanese economies continue to stumble. freep.com Sort of depressing to read. Joe

To: Lee who wrote (5063)	7/7/1998 12:57:00 PM
From: Stitch	Read Replies (1) \| Respond to of 9980

Lee, <<Was it back in January, when all the seers on this thread were providing a road map for the Asian crisis?>> I recollect that there was a consensus, and that it included the denial stages and then the stage where the press would finally harken to the criis and start to cover it. These things have all cleearly come true but I do not think we had a good handle on the depths of the problems at that time. I now see this as more threatening and more difficult then I ever imagined back then when we were having the "sucker's rally" in Asian stocks (and tech stocks as well). I hope you are right about the breathing room. best, Stitch