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Strategies & Market Trends : Asia Forum

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To: Bosco who wrote (7164)	10/16/1998 2:36:00 PM
From: Zeev Hed	Read Replies (3) of 9980

Bosco, I have a lot of respect for AG and think he is managing the situation quite well. Few months back I mentioned that I thought he was in no rush of reducing the excessively high interest rates so he can use this weapon when really needed, in case of an impending or actual financial catastrophe. Well, he has been looking into his tea leaves (turnips anyone) and has decided that he sees enough trouble brewing that it is time to take out the big sticks. Luckily, he has ample room to maneuver because he was patient and did not reduce those rates as inflation was coming down. That is one of the reasons I have turned bullish again (but I am not sure I will like the beginning of next week, which I think will be influenced from a dollar weakening too fast and thus declines in Asian markets, those turnips again). Zeev

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