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To: Steve Fancy who wrote (2443)	9/23/2000 8:30:25 AM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 3891

Steve, taxes are going down in Europe, and looks like the economy is bottoming down. Good to see Asia and Japan specially picking up: quote.bloomberg.com Zbyslaw

To: Steve Fancy who wrote (2443)	9/24/2000 4:13:32 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 3891

Hi Steve, looks like oil problem is going away. OPEC's Lukman Said: " The SPR oil will help OPEC's efforts, Lukman declared, saying that ``maybe the use of these reserves can bring the prices to more moderate levels.'' He reiterated OPEC's target of $25 a barrel for a collection of crude oils it monitors. That benchmark was at $31.25 on Thursday." " Lukman said OPEC's oil production increases will help lower prices, likely bringing them toward OPEC's target price within ``a month or two.'' Shortages of refined products, rather than crude, and market speculation have extended the price rally, he said." bloomberg.com The boys , most likely, are starting act correctly. Time will tell. Also, everything indicate that central bankers are very serious to increase the value of Euro, and by acting with US and Japan they have enought power to do it. Most agree current economic situation in Europe does not warrant Euro to be lower then 0.90. Zbyslaw