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

To: Stitch who wrote (5984)	8/28/1998 10:07:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

"In South Korea, Thailand and even Indonesia, all of which suffered big currency devaluations, the volume of exports has risen by 20-30% over the past year. This suggests that those much-criticised evaluations are doing just what they were meant to." Stitch, Thank you for the story. Good to hear some positive news for a change. Maybe you caught the very first, tiny glimmer of hope towards a change in sentiment regarding the Asian Crisis? It always seems to start very, very, slowly and then builds. I remember when the very first stories that broke, coming out of Thailand in July, about the run on grocery store supplies. It was mostly ignored by the US financial press until our October crash. Maybe the Asian recovery will follow the same pattern of coverage. Thanks, MikeM(From Florida)

To: Stitch who wrote (5984)	8/29/1998 12:05:00 AM
From: Ron Bower	Read Replies (1) \| Respond to of 9980

Stitch, Interesting article. There's no denying that things are bad in Asia, but when you take a good look at the numbers and factor in the devalued currencies, the numbers aren't near as bad as they seem. The exception is banking and finance. Factoring makes the numbers far worse than they seem. If a market falls 50% and the currency of that market also has fallen 50%, has the market actually fallen? JMHO, Ron

To: Stitch who wrote (5984)	8/29/1998 5:47:00 PM
From: Greg Jung	Respond to of 9980

Stitch, it is surreal to call this a "good news" article. It looks like a government propaganda piece out of Malaysia. "Volume is up". As if the US were some black hole you can pour exports into without end. The exports are piling up on the shores of California, there's more Union Pacific troubles because the Christmas inventory has been shipped early. I suppose by Christmas the economic upheaval will be solved by one of the planet's resident geniuses, and we all will live happily with a 2 % growth. -NOT-! Remember that magazine articles can include whatever non-factual material they wish. Usually to get in to print the fact/fluff ratio should be much higher than in this, but sadly in economics that is never followed. Greg