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To: goldsnow who wrote (25814)1/10/1999 6:13:00 PM
From: Hawkmoon  Read Replies (2) | Respond to of 117274
 
Goldsnow,

The only glitch in that is that I don't expect Asia to recover as quickly as others believe. They depend on a strong dollar in order to ship their currency cheapened goods over here.

The weaker the dollar, the stronger their currencies become relative to it (normally). Thus, I think there will be a concerted effort by CB's to put a floor under the dollar in order to prevent the wind from being sucked from Asia's economic sails.

Edited note:

Regarding the book by Davidson and Rees-Mogg. I highly recommend "Blood in the Streets" by these authors as well. A little dated, but a very interesting book on crisis investing and buying based on the fear of others.

Regards,

Ron