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

To: Stitch who wrote (6296)	9/9/1998 3:46:00 PM
From: MikeM54321	Read Replies (2) \| Respond to of 9980

"Frankly there just has not been the kinds of ordinary signs of a deep recession here that one would expect. A few months ago I thought I saw it starting to happen; some shop closures, fewer people at the mall, a couple of stories of layoffs. But since then I have not really seen extreme signs of the downturn. In fact, just the contrary. I heard that the 4,000 people layed off from Read Rite in Penang have almost all found jobs. I have also spoken with a couple of manufacturers who said orders had picked up again." Stitch, Fascinating remarks. I would have expected very visible signs. And you are in right there in the heart of the Tigers. How about if you compare what you see, feel, and hear today, to June of 1997. What is that comparison like? Thanks, MikeM(From Florida)

To: Stitch who wrote (6296)	9/9/1998 4:08:00 PM
From: Ron Bower	Read Replies (2) \| Respond to of 9980

Stitch, A New Zealand friend of my daughter just left after spending two weeks here. I asked her about the situation there and she didn't know what I was referring to. "I said the economy. We are hearing that it's bad." She says "Well, I heard the stock market was down. The exchange rate had changed when I went to get $US and the trip is costing a lot more than I had expected." I asked about unemployment. "I don't know. I have a job and if I lose it, I can always get another one." She's a secretary with a mid sized import/export company there. She knew a lot about rugby. While we're getting wrapped up in markets and currencies, the average working person notices very little change in their lives. They aren't trying to buy a new Mercedes. Best at ya, Ron