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

To: Stitch who wrote (5675)	8/19/1998 7:09:00 PM
From: Joseph Beltran	Respond to of 9980

I feel better now that foley, our fat-ass senile ambassador to japan, thinks that the japanese are changing their ways. biz.yahoo.com

To: Stitch who wrote (5675)	8/20/1998 9:14:00 AM
From: yard_man	Read Replies (1) \| Respond to of 9980

In fact this was reflected in the price action of EWM -- ot closed flat after an 8% rise over there. Of course that kind of approach (government intervention) is doomed to failure -- but the companies aren't worth zero, are they? Who knows where the KLSE would be without all the good Doctor's silly talk (probably a lot higher -- he's done precious little to inspire confidence), but I'll wait for the boomerang and probably add to my position. Good luck

To: Stitch who wrote (5675)	8/21/1998 1:54:00 AM
From: yard_man	Read Replies (1) \| Respond to of 9980

Did you say boomerang? Didn't take long did it? quote.yahoo.com^KLSE&d=5d

To: Stitch who wrote (5675)	8/22/1998 11:59:00 AM
From: Logos	Read Replies (1) \| Respond to of 9980

Malaysia's stock buying program does look very worrisome. I like the good Dr Mahathir and all, but I sometimes think his policies are somewhat crooked. For example, the government is supposed to be buying stocks in companies with large infrastructure projects in Malaysia. Well, aren't these the same companies owned and run by Mahathir's good friends and relatives? This looks a lot like Mahathir bailing out his good pals, using billions of dollars in public money. Which is exactly the type of crony capitalism that got Malaysia and so many other countries in trouble in the first place. Indeed, this looks even worse than Hong Kong's intervention in the Hang Seng, at least the Hong Kong administration had the common decency to bail out stock holders on an equal opportunity basis, not on a how-close-are-you-to-the-Big-Cheese basis. Somebody please tell me I'm wrong about this, because if I'm right, then it means the Asian governments have learned nothing and this mess will keep on rolling. Logos