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

To: Stitch who wrote (6340)	9/10/1998 10:19:00 PM
From: Frodo Baxter	Read Replies (1) \| Respond to of 9980

So, will the Mad Hatter pay SSB in ringgit? I love his solution to all problems: just print more money!

To: Stitch who wrote (6340)	9/11/1998 8:42:00 AM
From: Worswick	Respond to of 9980

I believe the "scenario" the Prime Minister of Malaysia has engineered.... can be found in the fiscal policies of the Government of India during a period 1960-1990. Cut off all foreign investment, nationalize the banks and insurance companies, put huge curbs on the import of anything. These policies hit a brick wall in 1990 when Indian foreign reserves were down to something like $600 million dollars and the IMF came in to support an economy that needed Drano or Ex lax. Depending upon your pereceptions. Well. The IMF is out of the loop her in Malaysia so perhap the Prime Minister is looking at the example of the military leaders of Burma (circaz 1960- onwards) as his inspiration. Malaysia can be a country operating on spiritual energies and spiritual energies alone to charge the batteries of commerce. In any case presumably the people from "Travelers" who are coming in to advise on the niggling aapects of turning the clock back to 1785 will want to paid in hard currency... so, look to this relationship to be brief. The whole thing here is is very interesting, however, if one sees this as part of continum that is being acted out not in a thrity year period but in the brief span of just a few months in the years 1998-99. Because the Asian countries have now a choice to turn inwards for answers of national importance... like Malaysia .... or they have the choice of "partial colonization" by multi-national companies buying troubled local companies at anywhere from ten cents to forty cents on the dollar. The later will lead to transparency, the internationalizing of norms in finance, and openess. In this trend the countries that embrace the "market", put aside crony capitalism, sweeheart deals with the banking authories, etc. I spoke with one of my friends in the New York banking world yesterday and he said that large numbers of deals were going forward in Asia at this moment ... with American companies buying large shares of sold down Asian businesses. So. As investors we should look at Amerian companies that are "expanding their beachead" in Asia through what can only be termed vulture purchases. Nespa? My friend also said India was recommended as the country of current choice to invest in according to an internal memo. Of course. People look at their charts and come up with things like this. "Oh. The Indfian market hasn'tsold off". Since India is still back in 1950, or maybe it is 1910.. there is still "huge" opportunity there according to the charts of these people. At the present moment this man, ny informant who was a merchant banker in India, said that his colleagues sit and stare at the walls....like they have done for the last 18 months. India. The land of the past. My best to you,