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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Katherine Derbyshire who wrote (23654)	8/31/1998 12:12:00 PM
From: derek cao	Read Replies (1) \| Respond to of 70976

Off topic: Re: you conveniently ignore Malaysia, Indonesia, North Korea, and Vietnam. Indonesia conveniently? You are too modest. I DELIBERATELY ignored some of those poor countries.(I should put Malaysia in my list: per capita GDP $10,750. Disclaimer: My list is by no means complete.) Since those poor countries you mentioned are almost self contained economies, whatever happened there did not concerned me economically. On the other hand, are you able to ignore those countries on my list based on the number I provided? They clearly have the buying power. Re: you wouldn't be likely to run out and buy an expensive American car anytime soon. My point exactly. You simply can not ignore them, can you? Moreover, they will buy less their domestic products too and consume less raw materials. Key to the whole problem is how to encourage them to spend more. Derek

To: Katherine Derbyshire who wrote (23654)	9/9/1998 1:49:00 PM
From: akidron	Read Replies (2) \| Respond to of 70976

-----OT---- Katherine I've been away, out of web reach. I did want to tell you that you took the words out of my mouth... and add that per capita income figures for Hong Kong, Singapore and South Korea mean little as 95% of all wealth in these countries is owned by about 1% of the population... I also wanted to add to my previous statements that we are looking into the jaws of a great depression, because in our mad rush to exploit the cost savings wrought by globalization, and feast on the profits that have flowed through to us from our investments, we have failed to enrich the developing world sufficently to create real demand for finished goods. I have gone from bull to bear to extreme bear over the past few months, and I do look at yeaterday's action as a big nail in the bull market's coffin, as such optimism is misguided and paves the way for further downside momentum. Brazil is on the verge of collapse, it is certain that it will reschedule much of its debt... And we hold the vast majority of that debt in one way of the other. I don't have a great deal of time right now so I'll have to make do with a genralization. It seems to me that many say that the worst is over, and that this is priced into stocks. I think that the worst is still to come... Oh, and I think AMAT has further to fall.