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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.31

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Nov 6 4:00 PM EST

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To: XBrit who wrote (61574)	10/30/2000 1:37:53 AM
From: Don Green	Read Replies (1) of 99985

Ex-Treasury Secy Rubin Warns Against Overheated U.S. Economy Monday, October 30, 2000 TOKYO (Nikkei)--The U.S. economy has overshot the mark, as evidenced by the excessive surge in stock prices, former Treasury Secretary Robert E. Rubin told the second Nikkei Global Management Forum on Wednesday. The U.S. economy looks to be in good shape in the long run, though risk from excessive global liquidity has been increasing, Rubin said. The U.S. should remember the role that excess liquidity played in the Asian currency crisis. Referring to the Japanese economy, the current chairman of the Executive Committee of Citigroup Inc. said quick and effective measures are needed to achieve structural reform. To revitalize the Japanese economy, measures to dispose of bad loans, deregulate and open markets to the rest of the world should be adopted as soon as possible, he said. Improving the economic structure will ease the effects of the government's fiscal problems and dangers posed by the graying of Japanese society. (The Nihon Keizai Shimbun Monday evening edition)

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