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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: JBL who wrote (32420)	10/26/1998 4:59:00 AM
From: flickerful	Respond to of 94695

jbl.... agreed. and it would seem the nascent quality in the title is more ironic than at first blush, considering such comments as...But, although the financial market stabilisation and the improvements in policy are unarguably good news, Asia is very far from a full-blown recovery. and also, the concluding paragraphs, which echo your sentiment...Looking further afield, events in Japan and China will be critical to how quickly Asia recovers...both exports and domestic demand are very weak, leaving public spending the only real source of growth. And the financial system is looking increasingly shaky... a period of weakening growth is a real, and worrying, prospect. The combination of financial stability and sensible economic policy are essential conditions for reform. But Asia's problems are complex, and the achievement of sustainable recovery will be a long haul. It may still be too early to rush back to the tigers.