Check out the chart listed in Boom and Bust on the website below for several reasons. First, it's one of the more interesting sites, started by Victor Niederhoffer, a hedge fund guy who once traded for Soros until he flamed out. Next, besides Niederhoffer, some savvy people drop in to liven up the discourse, in itself refreshing.
Finally, the chart elicits a comment that summarizes exactly what happened to those Asian tigers in '97 that too many folks today in our view just don't get. We were in Bangkok in August of '97 and huge building cranes were everywhere. A friend called it the positive crane sign not too different from the positive suitcase sign when people show up at the ER with their suitcase in hand.
It was just like one of my old girlfriends I call Suddenly. One day she was there, the next.......
http://www.dailyspeculations.com/wordpress/?p=8144
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