Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Trey McAtee who wrote (8433)	9/22/1998 5:45:00 PM
From: MeDroogies	Respond to of 19080

You are right about the 7% being larger, if you toss in Japan. I don't, because Japan's problems have been well documented and written off for several years. Should they suffer more, it is unlikely that any major effects would be felt, since most companies are preparing for Japan to fail. The 7% refers to all of Asia without Japan. Now, consider how "much" the world suffered when Japan dropped way back when....not a significant amount. Losses back then were accounted for and the world moved on after a hiccup. Now, with the rest of Asia falling flat, the likely scenario is a little worse than before, but not significantly so. Why? Most of the good money pulled out of Asia BEFORE the crash, and was safe at home. Those who have suffered either missed the warning signs (available to all of us who read "The Economist" - which prophesied Asia's failure in the spring of 97), or were engaged in the corrupt activities that brought on the downfall to begin with. Either way, the current situation is, well, boring and overblown. Far more serious is the Russian problem. Not so much for REAL $$$ reasons, but because of the potential instability a rogue regime may inflict on bordering states (well, there is a LOT of loan money that is now lost in Russia, so I guess the $$$$ issue IS important). BTW, expect Asia to make a nice little turnaround in the next year or two. I might be wrong, but my feeling is that the needed steps will be taken before too long in the most important countries. I expect that Korea, Singapore and Thailand will bounce back before too long. Too much untapped potential there. No one wants it to go to waste. Either that, or look for South America to take up the slack.