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

To: Jon K. who wrote (7755)	12/27/1998 6:25:00 AM
From: Dayuhan	Respond to of 9980

Jon, I think you're probably right. I still have limited faith in economists, whether they work for a university or a private consulting firm. It's worth listening to them, but they rarely have the full story on anything, a consequence of their insistence on disregarding all factors that cannot be numerically quantified. Steve

To: Jon K. who wrote (7755)	12/28/1998 1:08:00 PM
From: Worswick	Respond to of 9980

Princeton Econometrics is a private consulting firm. It's views expressed are purely the views of a miniscule multitude. Hope the dialog about Europe continues here. Having spent two months in Europe last summer I am not sanguine about the Franco-German alliance to "socialize" Europe. Remember a few years ago that the French railway workers went out on strike for the right of 50 year old workers to retire with full pensions: and, in Germany I think everyone by law is guaranteed five, or is it six weeks paid vactation a year. Have any of you actually spent any time in Europe recetnly?? In the US, I don't know about your friends, but people are working hugely long weeks, and getting two week vacations. At that try and buy anything in Europe on Sunday. Take a look at European manufacturing costs, then the agr input costs, etc. To cap this off.... please address the subject of energy prices. $4.00 and up for the basic unit of energy that keeps society going. Add to that the VAT. zzzzzzzzzzzzzzzzzzzzz This whole "ball of wax" is a recipe for.... the long sleep of Europe well into the next century. Asia will come out of hibernation long before Europe does. Best to you all, Clark