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Strategies & Market Trends : Roger's 1998 Short Picks
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To: craig crawford who wrote (14150)9/28/1998 11:42:00 PM
From: Ploni  Read Replies (1) of 18691
 
Japan can always cut their rates, right? Oh, wait a minute, they're already 1/2%. Oh, well.

Things don't look too good in Russia. Massive unemployment, and people standing in long lines for jobs paying the equivalent of $100/month. If people have managed to save money, it won't help them unless it's in the form of something useful, such as U.S. dollars or vodka, because the ruble undergoes continual devaluation.

And then there's Brazil, which will collapse any moment now. I don't think the U.S. can bail out everybody, and wish we'd stop trying. The Fed's already robbed short-sellers of a few billion dollars, and interfered with the theory of Natural Selection.
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