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To: Haim R. Branisteanu who wrote (38624)1/30/2000 5:25:00 PM
From: pater tenebrarum  Respond to of 99985
 
Haim, yep, it seems there's indeed some hedge fund trouble in view of what the yield curve has done and the sudden violent currency movements on Friday. imo the Fed has given the green light to speculators to continue their high-leverage games when it helped to bail out LTCM in '98. instead of allowing the system to clean out the excesses, we have now a situation where the excesses have increased even more.

regards,

hb



To: Haim R. Branisteanu who wrote (38624)1/30/2000 5:35:00 PM
From: Casaubon  Read Replies (1) | Respond to of 99985
 
Haim,

Your observations and interjections are quite impressive!