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

To: Ramsey Su who wrote (6020)	8/30/1998 4:23:00 PM
From: Frodo Baxter	Read Replies (1) \| Respond to of 9980

>They have no resources other than a well educated money hungry population of 6 million with proven resiliency. HAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!! In a recent interview, Milton Friedman was asked about how his basic "free to choose" philosophy has been embraced by the world. Obviously, he thought that was good. But he expressed dismay that it was due mostly to economic cupidity rather than fuddy-duddy libertarian principles. I guess Gordon Gecko had it right after all. Greed is good.

To: Ramsey Su who wrote (6020)	8/30/1998 4:30:00 PM
From: Jack Clarke	Read Replies (3) \| Respond to of 9980

Hi Ramsey, I admit to total ignorance about HK, but it seems to me that market manipulation never works for very long. For example, a lot of people may be holding overvalued stocks (as are most in the US), and when the market starts to fall, they have no one to sell their stocks to. So if the government steps in and buys those overvalued stocks with taxpayers money, it seems to me that they are just rewarding people who either bought too high or held on too long, again protecting the greedy or stupid with others' money. Is there any law that says markets always have to go up? History tells us otherwise. Just musing. Best regards, Jack

To: Ramsey Su who wrote (6020)	8/30/1998 4:57:00 PM
From: Dragon 1	Respond to of 9980

First let me say hi to Ron. I got your message but still didnt see the post you want me to see. Whether HK will win or not will largely depend on China and how HK will fare in this battle or war will at least politically serve a prelude or prototype for Taiwan to follow. That's a double edged sword: it may save hk for a while albeit a big cheating of rules in the grand scheme of a free world economy (the fantacy of a free hk may burst right there) and Taiwan may take the que from what's gonna happen once unification happens. Second, leaving hk on teh side china itself got be worried whether its going to devalue or not. I dont trust what they say, Remember what the Russians say before they devalued? the way things go with the communists go the same way with the ANALysts here. Anyway, we have only about 3-4 hours to see how this is going to be decked out.