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

To: Ramsey Su who wrote (6174)	9/5/1998 10:17:00 AM
From: Worswick	Read Replies (1) \| Respond to of 9980

Ramsey what a brilliant idea. ref yours: "I have long opined that Asia and especially Japan needs to ignore western pressures". I do hope with a US trade deficit in the current account of the US of say $50 billion (for Japan), and with a US $ trade deficit in the current accoutn of a similar amount of Us $50 billion( for China) that both China and Japan ignore western pressures too. This is a marvelous and great idea. My best to you. Keep thinking these kind of thoughts. Clark

To: Ramsey Su who wrote (6174)	9/5/1998 11:31:00 AM
From: Ron Bower	Read Replies (2) \| Respond to of 9980

Ramsey, " 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." You definitely have and I couldn't agree more. The West taught the world how to succeed, but not how to avoid failure. How could they when they are repeatedly making the same mistakes themselves? The history of the Western economies is cyclical with the depth of recession proportionate to the elevation of the success. It is hard to imagine what the next few months will bring. A major downturn in US/Euro spending will be devastating on the emerging markets. Most have become dependent on exports and no longer have economies with any self sufficiency. Forgot to tell them about that part. I just heard Clinton on the radio saying that the US economy is strong and there's nothing to worry about. Huh? They always said it would make you go blind. I thought they meant eyesight. JMHO, Ron

To: Ramsey Su who wrote (6174)	9/5/1998 8:34:00 PM
From: Stitch	Read Replies (1) \| Respond to of 9980

Ramsey, <<It also sets an example to show the world how democracy is totally ineffective during times of crisis.>> Do you wish to amend this statement to address it specifically to the current economic problems are do you mean crisis in general? If the latter then I feel compelled to point out that democracy has held up pretty well over the years and has shown resilience to numerous crisis. "Totally ineffective" is not at all a well thought out statement IMO. Best, Stitch