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

To: Henry Volquardsen who wrote (6815)	9/30/1998 2:54:00 PM
From: Lee	Read Replies (1) \| Respond to of 9980

Henry, I tend to agree that each individual was acting in a rational manner, given their views and analysis. I think these views and analyses should be encouraged a greater scrutiny. I do think at some point, when the imbalances become apparent, well this situation needs to be identified sooner and methods need to be in place for a more orderly untangling; methods that preserve a greater level of confidence. We in the US have and are achieving this, although some of our unshakable confidence is built upon our now shaky stock market. In the international market place, with the sovereign issue, it is much more difficult. But as the economic wave becomes smoother in the US, the waves do seem more dramatic ROW. I'm still not confident self-regulation will change this, that the IMF is the answer, or that the G-## can cover this either, although that may be the best hope. One issue that does seem intractable is the road to the middle class. The next developing economy will decide it needs an automobile industry, a steel industry, likely a consumer electronics industry, and so on. These are more likely political decisions, which tend undermine the in process developing economies, and so on and so forth. The decisions are further encourage by the same financing issues you cover. How does that cycle favorably change? Regards, Lee