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To: Rarebird who wrote (59635)	10/12/2000 1:49:46 AM
From: Archie Meeties	Read Replies (1) \| Respond to of 116762

When do you think the Dollar cracks? Could be any day now IMO. Message 13432263 "With all due respect and honesty, I've been reading garbage like that for years." And posting it for mere months... Message 13427034 I may be a bit older than you (by about, say 60 years), but I daresay my memory is holding together with a bit more integrity. LOL.

To: Rarebird who wrote (59635)	10/12/2000 4:09:38 AM
From: Square_Dealings	Read Replies (1) \| Respond to of 116762

Rarebird, If you are short I wouldn't overstay your position here. Take a look at some of the financials like JPM and GS and you can tell something is rotten in Denmark. You know it too pal. Hows your market denial therapy going lately? M.

To: Rarebird who wrote (59635)	10/12/2000 4:47:31 AM
From: PAUL ROBERTSON	Read Replies (1) \| Respond to of 116762

corporate credit markets are shutting down for business, period. Asia 97-98 is happening here in the US right before our very eyes. The fed will be coming to the rescue any second now if they want to prevent any sort of global calamity. The fed is so boxed in they will prefer to err on the side of ease. Once this becomes obvious the dollar will crack big time. Their choice is between either sever deflation or inflation. With each passing day they hesitate, i believe things will get much worse. You talk growth, which is BS now, cascading deceleration of earnings and bankruptcy is more like it. Imagine, massive easing in the face of $30 oil and CRB 230. The winner over paper, imo, gold, right here, right now. There is now litteraly nowhere to put ones US dollar right now. Paul

To: Rarebird who wrote (59635)	10/12/2000 9:07:15 AM
From: long-gone	Respond to of 116762

Thursday September 21, 6:03 pm Eastern Time NYMEX asks panel to drop bill's OTC trade loophole NEW YORK, Sept 21 (Reuters) - The New York Mercantile Exchange said Thursday it asked a U.S. House panel to eliminate a loophole in a commodities futures markets bill that would exempt electronic energy derivatives trading from regulatory oversight. The provision in question under the House bill, H.R. 4541, ``would remove this important marketplace from nearly all regulatory oversight,'' NYMEX Chairman Daniel Rappaport said in a letter to House Committee on Agriculture Chairman Representative Larry Combest, (R.-Texas). In urging the committee to drop the provision, Rappaport said NYMEX's main concern was that, if passed, it would likely lead to a migration of energy trading to unregulated markets, hurting the ability of existing open outcry systems to compete with the unregulated electronic systems, Rappaport said. Language in the House bill to exclude energy products, along with financial products and allow their trading in electronic trading systems, ``could well lead to the establishment of multilateral trading markets for energy derivatives virtually outside the scope of all federal regulation, save that of prohibition of fraud and manipulation,'' Rappaport said in the letter. H.R. 4541 cleared the House agricultural, banking and commerce committees before the August congressional recess. The bill reauthorizes the Commodity Futures Trading Commission and gives legal certainty to OTC energy derivatives transactions, among other things. NYMEX supports with a Senate version of the CFTC reauthorization, S. 2697, which also provides legal backing for OTC energy derivatives, Rappaport said. ``We are not against the OTC (over-the-counter) electronic energy trading system, but we believe it is improper for the government to legislate how this market should evolve,'' said Mark Seetin, a NYMEX official in Washington D.C. ``The marketplace itself -- the users of NYMEX or OTC derivatives -- should decide the venue to do their risk management,'' Seetin said. NYMEX, the world's largest physical commodities market, trades crude oil, heating oil, gasoline, metals and electricity in an open outcry system. Off-exchange energy trading systems, are mushrooming in the Internet, threatening traditional trading floors such as the NYMEX and its London counterpart, the International Petroleum Exchange (IPE). To meet competition, NYMEX itself is setting up its own platform eNYMEX. U.S. energy giant Enron Corp. was the first to launch an energy trading Web site in November last year and has since conducted $100 billion in transactions via its Web-based marketplace, EnronOnline.com. Early pacesetters in terms of multilateral dealings include TradeCapture.com -- used by oil traders Texaco , Sempra and Phibro -- and HoustonStreet.com. Atlanta-based Intercontinental Exchange, set up in March by some of the world's biggest oil companies and banks, launched its Internet commodity trade platform with gold and silver contracts in August and envisages linking up with rivals to ease cut-throat competition in the new Web market. biz.yahoo.com