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

To: Stitch who wrote (6219)9/7/1998 10:09:00 AM
From: don pagach  Respond to of 9980
 
To all:

For a nice series of articles on how the asian crisis is affecting people in that area who have no investments see:

washingtonpost.com



To: Stitch who wrote (6219)9/7/1998 11:18:00 AM
From: Carl R.  Respond to of 9980
 
Low interest rates, government spending, infrastructure projects, etc. are about all the government can do to. In my opinion these are the normal prescriptions to keep a recession from turning into a depression. At this point the goal would be stabilization first, and hope that you return to growth later.

Carl



To: Stitch who wrote (6219)9/7/1998 11:19:00 AM
From: E  Read Replies (1) | Respond to of 9980
 
For those who are expressing renewed optimism following last night's Nikkei rally-- the NYTimes today reports that the government is using public pension fund buying of Nikkei 225 index futures to prop up the market, to keep it above 14k, before half-year book closing on September 30. Note that Obuchi took office explicitly renouncing this practice.


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