SE Asia's faltering recovery

Dennis R Redmond dredmond at oregon.uoregon.edu
Fri Oct 13 18:25:28 PDT 2000


On Fri, 13 Oct 2000, Carl Remick crossposted:


> [Full text can be found in "Economies" at
> http://quote.bloomberg.com/newsarchive/]
>
> Southeast Asia's Market Slump, Political Woes Point to Trouble
> By David Saunders and Alison Jahncke
>
> The Philippines, Indonesian and Thai stock exchanges are among the world's
> worst performers, their currencies are sliding and their leaders are in
> trouble. While those economies have returned to growth since the Asian
> crisis of 1997 and 1998, their prospects may now be getting worse, not
> better.

Hey, today SE Asia... tomorrow that other country, whats-its-name, you know, the one running monster trade deficits, investing less in its real economy than its competitors, and borrowing 4% of its GDP from abroad to finance a vast stock bubble... on the tip of my tongue. It'll come to me eventually.

-- Dennis



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