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

To: Zeev Hed who wrote (6200)	9/6/1998 3:25:00 PM
From: Bosco	Respond to of 9980

G'day all - dear Zeev, regarding Uncle Al <g>, are you referencing the speech he gave at Berkeley the night before. Of course, it is a non committal statement but it is widely interpreted as his bias in lowering the rate. Considering his preference [of the past year or so] to talk as opposed to push the button, I too would interpret that he may wait to see how the market behaves before making some commitment of rate cut. Considering all the major bad news is out, and HKMA has attempted to fine tune its monetary policy, any good news from Russia should reduce the extreme bearishness. Having said that, even with low expectation, any earning disappointment from the leaders should give you the minimelt you have been visualizing. best, Bosco

To: Zeev Hed who wrote (6200)	9/6/1998 3:28:00 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 9980

Zeev, that the solution for the current situation is for Japan to stimulate demand domestically so as to absorb some of the excess capacity created in the rim. This is much easier said than done. The more I read about Japan, the uglier it looks. The magnitude of the problem is such that even the US is keeping our mouths shut. Remember all the talk about "permanent tax cuts, bank reform, transparency, bla bla bla?" What did Bob Rubin and Greenspan propose to Miyasawa Friday night? What would you propose to stimulate domestic demand? Ramsey