Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: kormac who wrote (5792)	8/23/1998 4:23:00 PM
From: Robert	Read Replies (2) \| Respond to of 9980

It is a bit off-topic, but what do people make of Yeltsin sacking his whole government? Thanks for any info., opinions, etc.

To: kormac who wrote (5792)	8/23/1998 4:41:00 PM
From: Frodo Baxter	Respond to of 9980

You are absolutely correct, even if I doubt the veracity of the billion suits <g>. Unfortunately, even though Krugman rails again and again about those who argue economics as though it was politics, he has gone to the dark side. Here's him dissembling: pathfinder.com A ridiculous proposal, absolutely no solid proof that it would work, and he makes complete straw men out of the hard money folk. Krugman seems to think that you can dig your way out of anything by inflating the currency while pegging (really truly this time, I swear!) the exchange rate. Uh, no. Krugman really displays his true colors here, refusing to allow the free market to operate freely because he doesn't like the results. Quite disappointing really, considering where he came from. In the following 1994 article, he was one of the first to popularize the notion that Asia has no productivity growth. Period. web.mit.edu Well, well, well. If they truly don't have productivity growth, while old valuations were based on the assumption of brisk productivity growth, why exactly is this crisis of confidence so darn irrational or even unwelcome? The answer is that it is perfectly rational and inevitable, though lamentable. Fundamentals will out, and the only important fundamental is productivity. Krugman, a proponent of increasing returns, really ought to have figured that out by now. Bigger IS better. Oh well. Back to killing Microsoft...