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To: dougjn who wrote (16074)	10/6/1998 7:33:00 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

The real estate market is still strong in NYC. If you look at the NY times the Apartements all sold over asking price and had multiple bids. The interest rate's are very tempting. Here is someone else who agrees with meSeth Tobias: Well first of all I think this is a flawed question, because we are in a bear market. The majority of stocks are down 30, 40, 50%. I don't necessarily think that the U.S. economy has to go into a recession here. It may be that we can orchestrate one of the great "soft landings" once again - a term that we haven't heard in many, many, many years. But I think what's interesting is that there are some indications that there's economic activity picking up in Asia again. Over the last several weeks some of the energy consultants have started to see oil trading heavily - physical oil trading heavily in Asia - and that's interesting to us at least. It's always darkest right before dawn and I think that this economy continues to be very strong. It's very difficult sitting in front of screens and reading the Journal and watching CNBC all day and reading about Long Term Capital and know that out in the real world people are still working and they are still making very good money and going out to expensive restaurants. My partners and I just opened a restaurant in Philadelphia and we're packed, we're packed. And you can't get a reservation in any good restaurant in New York City. I think that we'll see some decline in isolated areas of the markets that are financially supported like Manhattan and perhaps areas of San Francisco and other financial centers of this country, but it's very possible that we may be in the last stages of this move, and the economy can muddle along and bounce around the bottom and get through this cycle OK. Dave Kansas: Craig, technology, people say, has the greatest exposure to Asia. Seth says that he hears rumors that Asia's starting to bounce back You look people in the