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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: westpacific who wrote (8950)	4/1/2003 11:08:21 AM
From: westpacific	Read Replies (1) of 11447

Reuters story @1:56a.m. ET "Taylor:G7 Ready to Buffer Shocks" "The U.S. and key allies are prerpared to take measures to protect their economiesfrom external shock and could act quickly if they saw one coming, U.S. Treasury Undersecretary John Taylor said on Monday. Taylor was asked during an interview whether there was a plan among the Group of Seven industrial countries for coordinated actionin the event of a prolonged Iraqi conflict or a bad turn in the U.S.- and British -led war. "The most relevant and accurate way to answer your question is that there is always a discussion about how to be ready, to have policies that are ready, when there is any kind of shock to the economy," Taylor told Reuters. He said there had been "lots of discussion of more flexibility in economies" among the G7 partners... A PHONE CALL AWAY Taylor indicated the G7 partners were keeping close tabs on events, between their regularly scheduled meetings as well as during them, AND WOULD ACT IF THEY HAD TO. (emphasis added) "We're always in close contact with each other... there's lots of calls back and forth for all sorts of reasons and we would certainly be ready to talk and discuss about any kind of event," he said. Full story at: prudentbear.com Comment: John Taylor is mentioned as a possible successor to Fed Chairman Alan Greenspan.

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