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

To: Bill Ounce who wrote (7628)	12/1/1998 9:51:00 PM
From: Z268	Respond to of 9980

Re: George Soros article on Malaysia - China: Yet another time bomb ticking away..... smh.com.au China's banking system is yet another time bomb ticking away. This article sounds to me suspiciously like rearranging the chairs on the Titanic at worst, or a benign attempt at best. If the Chinese banking system goes, watch out for the fireworks, because by then, the Army and the Party can lay claim to a "It wasn't us, it was the capitalists" line. Russia is another time bomb (literally, with those nuclear warheads still perfectly maintained and fully functional). When the crunch comes, it could well start with the German banks, which have the largest exposure to Russia. A few years ago, I thought George Orwell's most famous novel was a pure work of fiction, now I am not so sure. 1984 can still happen in 2004, or 2014 (hopefully not!). Best, Steve Yeo PS. O/T Not trying to preach doom and gloom here. I do go out and live it up a bit. Over Thanksgiving, my wife and I, being empty nesters, and not having yet acquired the American tradition of family re-union at Thanksgiving, decided to hit Las Vegas after an absence of 12 years. The place has certainly changed! The then large hotel/casinos are now completed dwarfed by huge monstrosities of kitsch, upmarket kitsch and ultimate kitsch. Each complex is a statement in itself : "This is me, and I don't care what the rest of you look like". Consequently, The Strip has to be experienced to be believed <vbg>! Architecture purists will never survive the walk along the Strip.... Anyway, we let the one-armed bandits (an Australian anachronism) empty my wallet in no time flat - sort of like daytrading <gg>! Food is not cheap anymore. Lunch consisting of wonton noodle soup and congee (that you can buy in HK for HK$30 and same size) cost us US$30 in the Bellagio casino. The queue to eat these $15 noodle soups was 40 minutes long!