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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?


To: Tom who wrote (2493)10/26/1998 9:41:00 PM
From: Ron Bower  Read Replies (2) | Respond to of 2951
 
Tom & WONG,

What's that saying? Caveat Emptor? One other one I recently read on this thread - Normal business practice in China. I'm reminded of a trip to Tiajuana about 10 years ago. Rolex watches for $200.00. Damn thing may be one, my friend is still wearing it.

WONG - Good article on Fed rate cut. We suspicion, now we see it in print. Looks right to me, particularly when you look Fed actions over the last few weeks. Pumping a lot of funds into the system.

Recent SCMP articles of interest-

WB economist blasts US policy
scmp.com

HKMA discloses holdings from market intervention
scmp.com

FWIW,
Ron