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

To: Sam who wrote (6872)	10/2/1998 12:32:00 PM
From: Joseph Beltran	Read Replies (2) \| Respond to of 9980

According to this government spokesman, the japan economy hit bottom in the third quarter and it's up from there. (yeah, right) this is the 4th "positive spin" release by japan today... biz.yahoo.com

To: Sam who wrote (6872)	10/2/1998 1:05:00 PM
From: Bosco	Respond to of 9980

G'day all - dear Mike & Sam, re: Rubin's speech, IMHO, it is devised for public consumption for the short term. Therefore, it may lack the nitty gritties. However, Sam, while it is true that "the tale of two cities" economic model is quite prevalent in SE Asian countries, including even China. It is a misperception even the media like to exploit [like the following byline about HK:} cnnfn.com In this article, there are many items stemmed from poor interpretations, if there is any truth to them. Either the reporter was a HK observer wannabe or has employed too much creative license. 1st, mixing "joss stick" with "snake oil" is poor writing in any language <VBG>! It is true that there were a lot of the Philippino [& Thai] maids in HK, but they were not restricted to the "well heeled" families. Rather, it was a pure trickle down [good lord, I can't believe I would ever use this term] model. During the go-go days, dated all the way back to the late 80s, it has been far more economical to have [cheap labour] maids for the two income families. Unfortunately, the current slowdown is quite real. Back to Rubin, personally, he still commands a lot of respect from me. While it may be easy for me to 2nd guess his rationalisation, in the back of my mind, I always suspect he speaks with multiple tongues. Anyway [lampoon on,] what do I know, for all I know, I could be elected as an honourary italian investor <VVBSG>: cnnfn.com or, at the very least, with the hot air coming from Stantley, I could do the job for Mr Soros <VBG>: cnnfn.com best, Bosco