Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Rolla Coasta who wrote (2767)	3/23/1999 12:32:00 PM
From: Tom	Read Replies (1) \| Respond to of 2951

OT Ernest, First of all, thank you for the discussion. My reply to any worry or anxiety over a U.S. presence in the Western Pacific was not to disprove what you have put but, rather, to emphasize that friends of the United States are not worried. Probable and proven enemies of the United States, they will worry. Secondly, I don't know that it's possible for us to force an image of Western society on the East. I know there has been much talk from many sources on this subject, so I'll treat it with just a brief comment. One that's no revelation but worth repeating. To forebear more of their gratification and conserve wealth would place Americans much closer to adopting traditionally Eastern values, and make for a sounder future. Often what is not said is that such an attempt would bring Americans much nearer the value system of their own country's founders. Funny, sometimes, how things correlate. I enjoyed and agree with your remarks on economies and the global financiers. I still laugh when I think of the flood of comments that arrived here when news broke of the HKMA putting the hurt on the speculators. Good to see it's working-out for Yam, Tsang & Co. I always liked those guys. Convenient "smoke screen" recently, too, in the form of the IMF selling gold to support the poor. Priceless! What huge hearts they have. What they really mean is that Latin America needs more money and they doubt the U.S. Congress will approve another looting of our treasury. One last item: Speaking of correlations, a few weeks ago I superimposed some plots of growth in the U.S. money supply (courtesy of the St. Louis Fed) over the DJIA and Y/D forex for one year. M1 growth and the DJIA correlate directly, as do M1 and the Y/D rate. Credit is the name of the game alright. -----