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

To: Ron Bower who wrote (6302)	9/9/1998 8:45:00 PM
From: Stitch	Respond to of 9980

Ron, <<While we're getting wrapped up in markets and currencies, the average working person notices very little change in their lives.>> It is a fact I am often reminded of. One of the things that I am asked to do by clients is to comment in my reports on the business and political climate locally. I will comment but usually refer them to a political risk consultant if there is investment in the balance. In the course of filing these reports I often get responses emoting surprise and yet it may have resulted from observations that have already been thoroughly hashed out here on this thread. Old news it seems to me. I have come to realize just how powerful this thread is in terms of sieving, discussing, and commenting on the news regarding our rather broad topic. But the risk is in getting too caught up in the subject. It is really quite amazing how closely we, collectively, attend to this subject. I should think that any observer, from casual to serious, would want to bookmark this thread. Best, Stitch

To: Ron Bower who wrote (6302)	9/9/1998 10:33:00 PM
From: k.ramesh	Read Replies (1) \| Respond to of 9980

I bet more people are aware of the new significance of 62 than 7600. What percent of the people in the US track the day to day movements of the markets. May be 15% and that too because the internet has turned every techy person into a market watcher, otherwise probably 5%. In less developed countries( by which I mean, smaller proportion of the economy's assets that is liquidatable at any instant) the markets will mean less to the avg. joe. eg. In India the avg person rarely buys a house with intent to speculate or sell, as selling is not as easy as calling century 21 or coldwell banker and putting up a sign for 3 months) But surely, rising prices and unemployment must affect atleast those in the organized sectors of the economy (those who work for entities that produce intermediate goods). ramesh