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

To: Dayuhan who wrote (7363)11/2/1998 9:31:00 AM
From: Z268  Read Replies (1) | Respond to of 9980
 
Steve & all: on the Asian recovery.

Please see article from the Sydney Morning Herald:

smh.com.au

Given there has been some "encouraging" articles and the actions in the Asian markets recently (and again today), do any of you based in the Region have a read on whether this recovery will be sustainable, or it will fall flat again (as in the early optimism of the beginning of this year)?

Thanks & best rgds,
Steve



To: Dayuhan who wrote (7363)11/2/1998 9:53:00 AM
From: Paul Berliner  Read Replies (1) | Respond to of 9980
 
The Goldman outlook on the peso is quite pessimistic, though the data coming from the banking sector seems to warrant it. Non performing loans have doubled from 5% to over 10% of outstandings recently.
When the Soros' and Robertsons regroup from their recent heavy losses, they will resume the regional attack on overvalued currencies.


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