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To: bill meehan who wrote (64229)9/26/1999 10:03:00 AM
From: accountclosed  Read Replies (1) | Respond to of 86076
 
Summers chokes back laughter over IMF name change

biz.yahoo.com

Secretary Lawrence Summers barely able to contain his laughter...''With respect to the renaming,'' Summers said choking back more laughter, ''To change something obviously in this way conveys a message from the fact that this committee has met for 25 years as the 'Interim Committee' so it seemed appropriate for a committee that has met for so long to finally have an official name.''

...
Summers, who was viewed as a wooden figure when he took the reins at Treasury in July, has relaxed in his public appearances recently. Earlier this week he used an appearance at Yale University to poke fun at his robot-like repetition of the ''strong dollar'' policy he inherited from his predecessor Robert Rubin.



hmmmm.



To: bill meehan who wrote (64229)9/26/1999 11:59:00 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 86076
 
Thanks Bill, I read the article. As you know wen those news hit the newspapers we are at the top.

Housing prices increased so much that potential buyers now think twice before bidding up prices. Therefore I anticipate overbuilding and a slide in housing prices in concert with the stock market.

I will have great satisfaction seeing all those very arrogant NYC real estate types in the bind again, pleading for mercy. Give them 3 to 6 months.

BTW have you seen the slowdown in M2?? and the US9Z chart?? bway.net

BWDIK
Haim



To: bill meehan who wrote (64229)9/26/1999 3:14:00 PM
From: Lucretius  Respond to of 86076
 
so, that just means more construction workers have left their jobs to be daytraders. that doesn't mean there's inflation (BG)



To: bill meehan who wrote (64229)9/26/1999 3:19:00 PM
From: Lucretius  Read Replies (3) | Respond to of 86076
 
what's Barton biggs saying these days? i haven't heard anything out of him for a while?



To: bill meehan who wrote (64229)9/27/1999 6:36:00 AM
From: accountclosed  Read Replies (2) | Respond to of 86076
 
"In 1998, the latest data available from the Fed, debt of
U.S. nonfinancial corporations stood at a postwar record 55.4% of
their net worth."

from ntrs.com