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

To: Zeev Hed who wrote (5543)	8/14/1998 11:46:00 AM
From: Paul Berliner	Read Replies (2) \| Respond to of 9980

Shame on the HK Govt. for intervening in the Hang Seng. A "free market" is not one that's manipulated by its country when they dislike the trend. The international financial community will find the appropriate level for the Hang Seng, as they will for the yen. I thought HK officials were a little more street smart than Japan's, but I guess I was wrong. Speculators like ourselves should be trusted to find an appropriate level for the market through our trades. If it were up to us, we would not drive the yen down to 250 like JPN fears, but we would find it an appropriate level based on economics. The same goes for the Hang Seng and any other troubled market. Now we all get squeezed once again, and we can't even blame Rubin this time.... Still, their actions have not changed the economic picture at all. I still fail to see a silver lining on the Asian cloud.

To: Zeev Hed who wrote (5543)	8/14/1998 4:37:00 PM
From: Lee	Respond to of 9980

re: vegetable stew There is no recession in my part of the woods. The pace of activity continues to increase and I find less and less time to follow the world. And just as things get more interesting! <g> I'll take it. Thanks folks for providing a window that keeps me somewhat up-to-date. The debate is great. I wish I could partake but lack the time for worthy research and observations; there is too much business activity. This keeps me on the sidelines in many areas. One positive of this economic jumble is great vegetable stew! Cheers, Lee

To: Zeev Hed who wrote (5543)	1/11/1999 12:55:00 PM
From: Robert Douglas	Read Replies (3) \| Respond to of 9980

Zeev, It's time for Zucchinis vs. Turnips II. (The thrilla in the garden) On Aug. 14, 1998, I wrote in post 5535 that my economic indicators, aka zucchinis, were saying : the zucchinis are saying that the US economy will begin to accelerate again by the end of the year. (http://www.exchange2000.com/~wsapi/investor/reply-5496181) To which you replied in post 5543: I think that we are getting ready for a “face off” between zucchinis and turnips, the turnips are saying that we might have a recession looming by the end of the year, particularly if Asia slips down much further. (http://www.exchange2000.com/~wsapi/investor/jump?s=18599&reply=5543) Well, after last week's payroll report, it looks like there is no recession in sight. Score one for the zucchinis. Additionally the same post said, …my economic zucchinis are saying…that we are nearing the end of these two very long trends, referring of course to the decline in inflation and the rise in the dollar. A great call on the dollar by the zucchinis! Now on the matter of inflation, the turnips were the winner with the CRB reaching new lows and all other inflation indices showing no inflation in sight. So, where to from here? The zucchinis are still calling for a strong economy in 1999, although not at the rate of growth of 1998. A recession is not in the cards, er I mean squashes. Once again the zucchinis are predicting that the worm is about to turn on inflation and the years of lower rates on inflation are about to end, with a modest pickup in 1999. I look forward to hearing what the turnips are saying. -Robert