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.

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

To: Jay Scott who wrote (6643)	9/24/1998 9:31:00 AM
From: Tomas	Read Replies (1) \| Respond to of 9980

Worst of Asia crisis over says IMF chief Michel Camdessus Daily Mail, London By Simon Anderson INTERNATIONAL Monetary Fund managing director Michel Camdessus said yesterday that the worst of the Asian financial crisis was over and predicted the region would soon return to growth. The comments were echoed by Eddie George, Bank of England governor, who told the Central Bank of Argentina yesterday that it would be "wrong to overdo the doom and gloom" about risks to the world economy. Mr George said: "Provided we all keep our nerve and each play our part I believe we can limit the damage to the sort of slow-down that the IMF is now projecting." Mr Camdessus had earlier said that Europe and America bore a serious responsibility to support the world economy, but he added that a global recession would be avoided. He also said that when growth returned to Asia after next year, it would be on a "more healthy and more lasting" basis than in the past. "I think the worst is past," Mr Camdessus said on French radio. He added that the effect of economic aid programmes in Malyasia, Indonesia, Korea and Thailand would begin to be felt in 2000 and 2001. He said: "In those countries the financial basics - balance of payments, inflation, foreign exchange reserves - are re-established." Mr Camdessus said it was "good" that Europe was moving towards making interest rates converge at as low a level as possible, adding: "I think they must continue their efforts to introduce more flexibility into their economies because that is the way for these economies to grow faster." He said the European economy would grow by between 2pc and 3pc in 1999, but warned that an overcautious approach to cutting budget deficits may get in the way of attempts to cut interest rates. On Asia, Mr Camdessus said Japan was facing a "catastrophe" this year, with an economic contraction of 2.5pc, but would see a recovery start in the second half of next year. He said that the IMF was also ready to support Russia as soon as Moscow presented a credible plan for re-establishment of the currency and dealt with its creditors in a "civilised" way. telegraph.co.uk:80/et?ac=000853717812049&rtmo=qM9XKqp9&atmo=99999999&P4_FOLLOW_ON=/98/9/24/cnimf24.html&pg=/et/98/9/24/cnimf24.html

To: Jay Scott who wrote (6643)	9/24/1998 9:57:00 AM
From: Mark Myword	Read Replies (1) \| Respond to of 9980

>>Buy signal on Asia 100 Index (TXG). How long can that last?<< Jay - I am very interested in playing the rebound in Asian markets, if it should occur. Please inform as to 1) where to trade this Asia 100 index, and 2) buy signal from where? a TA package? if so, please advise, TIA , Perky