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To: bill meehan who wrote (44794)	6/3/1999 1:30:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 86076

Bill, has the stock market calculated the cost of this little war in Kosovo?? and also has the market taken into account how much it will cost to rebuild Serbia, pay old deeds to the neighboring countries such as Hungary, Bulgaria, Romania and even Russia for their cooperation?? My guess is easy $60 to $80 billion if not more. I think the bond market sees that and not so much the inflation issue is at stake. That is why I think the Euro is getting weaker, Europe will need to print more Euros SE Asia "hopes" to recover. Japan debt is just in the stratosfere as related to their GDP. BWDIK Haim

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