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

To: Michael Sphar who wrote (6173)	9/5/1998 8:53:00 AM
From: Ramsey Su	Read Replies (3) \| Respond to of 9980

Michael, an excellent article on the current situation in Asia. I have long opined that Asia and especially Japan needs to ignore western pressures. It also sets an example to show the world how democracy is totally ineffective during times of crisis. Ramsey

To: Michael Sphar who wrote (6173)	9/6/1998 5:40:00 PM
From: Sam	Respond to of 9980

Michael, <<''Across the region, the notion of transparent, open financial markets is taking a real blow,'' said Bill Belchere, a currency and fixed-assets analyst for Merrill Lynch in Singapore. ''To some extent, it seems we are moving back to the 1970s and a new era of protectionism.''?>> <<''People can no longer stay with the so-called free market system,'' Mahathir said in introducing his new measures. ''They need to take some action which is contrary to the philosophy or the principles of the free market.''>> Um, excuse me? when was Mahathir's system free for anyone but his own people [euphemistically known as "cronies")?