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To: Harvey Rosenkrantz who wrote (22272)	1/31/1999 12:37:00 PM
From: Ruffian	Respond to of 152472

Positive "Money Flow, SP Mid-Cap> trading-ideas.com

To: Harvey Rosenkrantz who wrote (22272)	1/31/1999 3:10:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

Harvey, imagine what would happen if the trade experts simply said: "Anyone can buy and sell from anyone. We won't tell you which supermarket to get your lettuce, which city to visit on holiday, which banana plantation you can get bananas from, or which type of cellphone you have to use." That would be terrible because poor people would be able to earn a living and get richer, rich people would get better quality products for a cheaper price, which sounds nice, but politicians, trade officials and lawyers would lose a favoured place at the banquet table. Taxpayers would not be so in demand and they would have to find something else to do with their money instead of funding the expensive 'Trade Management' industry. What is amazing is that people go on voting themselves to remain poor. Ramsey says he wouldn't want to earn a living in Thailand. Malaysia's Mad Mahathir is ensuring that country stays poor - he says he is keeping 'capital controls' in place. Paul Klugman did say temporary controls are fine, even desirable - and temporary is 500 years if one takes a broad view. We'll see how desirable capital controls are as we watch Malaysia's continuing decline. It is always fun to control somebody else's capital. It seems to me the person who earned the capital is the one to control it. Not Paul Klugman or Mahathir. I dare say Thailand is staying poor because they don't have people and property protecting values and laws and evil foreigners with capital are not able to hire local people, make a lot of money and take it away. What did you see Ramsey? Singapore and Hong Kong seemed to do okay with capital flowing in and out and strict property protection laws and values. Maybe it was Giardia in the water or something else. New Zealand is an interesting case. It had zero capital before Immigration began. Sure, it had trees, some fish and a bit of gold. Some gas and those 'find your wealth in the ground' type capital. All capital was imported. Ships, sawmills, machine tools and all the paraphernalia of modern life. All the culture, language - the whole lot. Nearly all of it in this century. Then, when some capital had been imported and products were being produced, the profits were nearly all coming from exports to Britain and later everywhere. The capital base grew and production improved until in the 1960s, New Zealand enjoyed about the third highest standard of living with a great outdoors to enjoy. Then the rot set in as big government got bigger, mismanagement by officials of taxes, investments, labour and everything else became the norm and laws were introduced which stopped substantial development. Welfare grew astronomically. Savings dropped. Hand to mouth existence became common. The whole mess was headed for bankruptcy in 1984. Then a free economy got underway, but in the wild excitement and tulip-type 'omigod-we're-all-rich' hyperventilation following deregulation starting in 1984, people went fuzzy in the head and a financial crash followed of huge proportions. Unemployment only soared to 11% or so - the problems mostly being a matter of 'now the bank owns the assets' and the financial speculators headed for gaol, the dole or back to the grindstone. Bemused, Joe-Six-Pack, a cultural icon imported like much of what passes for NZ culture these days from the USA, was completely bemused by the whole thing but figured that free trade, deregulation, privatisation, deregulated markets, cancelled guilds were bad things which caused collapse of industry, jobs and a good life. He dislikes foreign capital. He can't stand foreign profits. He doesn't want foreign 'control' of capital. He thinks NZ can be some South Pacific paradise, self-sufficient and secluded from the world like some latter day Albania or North Korea. So he has voted for the good old days. Fortunately, a partially free trade government has contrived to stay in power, by the skin of their teeth, since 1984, so things are okay. But any minute, the old guard could win an election and they are out to restore Godzone to what they think was it's former glory. They have the numbers by the look of it. But when it comes time to actually stick their mark on a ballot paper and suffer the consequences, they might get cold feet. We'll see later this year. Mqurice Actually, I don't believe all the CIA sponsored rot about North Korea being nearly had it. They'll be trading with China. Sure, North Korea is in poverty. So is fully democratic Bombay and India, nuclear armed too. Even though they didn't like 'Bombay' and have changed it to 'Mumbai' to shrink even more into their local version of anti-British poverty although Britain has been gone for half a century and few locals know anything about being part of the British Empire. In a further insularity experiment, they are getting rid of English in some areas - thereby putting a localisation curse on their sadly deprived youngsters. Imagine how well they'd do if they learned English, CDMA and how to work the WWeb. I hope you are still reading Ramsey! Summary of the past month = Q! did well. Your cash holdings rapidly depreciated versus your Q! stocks. Everything is much the same as before, but the Q! ThinPhone has been announced - for sale in 6 months or just before Xmas maybe. gadgetguru.com gadgetguru.com Infrastructure is in trouble still - deals might be made - the big guess being with Ericy! Sales of ASICs are through the roof. Q! handsets all sold out. Vacation Effect neutralized by unknown forces.