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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: tom who wrote (2272)	9/2/1998 9:02:00 AM
From: Ron Bower	Read Replies (1) \| Respond to of 2951

Tom, "The point I am trying to make is that it IS very bad in Hong Kong." No Argument from me. The point I'm trying to make is that it IS improving. IMO Hong Kong is a good place to be investing now because six months to a year from now they will once again have a growing vibrant economy. A much better place to put monies now than in Asian, South American, Europe, or the US. I disagree that they should be doing anything other than what they are doing. This will all soon play out with the world economy running at a lower pace, and lower price, than it has been. This is a necessary world wide sorting of the weak and the strong, of good management and poor, of companies that deserve to profit and those that have been profiting just because the economy has been so strong. I could also apply this to investors. This 'crisis' has been spreading to the rest of the world, effecting South America, Europe, and the US, but is just now being reflected in the markets. IMO we'll be seeing a weaker $US and US market decline as the problems in South America and Mexico move North. US and European bank exposure in SA is major. You've referred to the over zealous HK economy in recent years, the US economy has been even more zealous. The high consumer spending and housing growth that everyone keeps referring to has all been financed. With SA and Russia faltering, if we have even a minor recession in the US, we may have some bank and corporate insolvency problems of our own. I've strayed from the subject. You can see what I'm driving at. It's just my opinion, but it's why I like HK for investment. Best, Ron