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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Link Lady who wrote (16251)8/26/1998 7:10:00 AM
From: John Hunt  Read Replies (2) | Respond to of 18056
 
Waiting for That Storm Surge From the East

washingtonpost.com

<< While acknowledging that a significant impact of Asia's crisis in the United States has been a dwindling of U.S. exports to the region, Sinai cautioned: "The import problems for the U.S. will come later. The lags are long."

But Sinai said that if the trend of falling imports and exports continues, it would be a warning sign that the U.S. economy may be weakening, as a lack of foreign demand for U.S. exports dampens manufacturing activity here and the weaker-than-expected import figures reflect slackening U.S. consumer demand.

"Normally, weakening trade flows, both for exports and imports, indicate a weakening economy," Sinai said.

"Indeed, a slowdown in the growth of trade, both in exports and imports, was a telltale sign of trouble ahead for Asia more than two years ago." >>

Interesting.

John

PS - Wendy re << Fortunately I don't own much in resources. >>

Perhaps you should at least think about selling what is high, and buying what is low? Not saying to run out and do it today though.