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To: John Hunt who wrote (10863)	12/11/1997 8:09:00 AM
From: Defrocked	Read Replies (1) \| Respond to of 18056

John, excerpt from your link...couldn't resist<g>. "Lacy Hunt of Hoisington Investment Management Co. of Austin, Texas, thinks the Fed is reacting to the needs of Asian institutions but also protecting American interest rates. " I have always thought they should change the name of that firm. Have you been "hoised a ton" lately????

To: John Hunt who wrote (10863)	12/11/1997 8:24:00 AM
From: Tommaso	Respond to of 18056

Link to precious metals, 24-hour quotes: kitco.com

To: John Hunt who wrote (10863)	12/11/1997 9:17:00 AM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 18056

John, I would like to know what is going to happen to interest rates based on "The Fed Is Getting Ready For Big Trouble". I do not have this figured out yet. I am holding some 30 year bonds and tring to figure out if rates are going doen or up.<ggg> Flight to quality??? Joan

To: John Hunt who wrote (10863)	12/11/1997 12:40:00 PM
From: Edward F. Horst Jr.	Read Replies (1) \| Respond to of 18056

I chose my reading last evening to be the FORTUNE ADVISOR 1997 just to go back and review the comments and projections to see who had any insight to what we're experiencing. On page 153, Fortune's John Wyatt interviewing Templeton's Growth fund manager, Mark Holowesko, asked if Templeton was investing in Japan, where sentiment seemed vastly improved. No, was the answer, for the following reasons: [1] margins were artificially bolstered by speculative bubble in stock market and real estate; [2] Japan has more debt relative to GNP than the US; [3] Japan has a $400 billion banking problem [4 times our S&L debacle]; P/E of stock market was still at 80X. Maybe the FED is now simply having to do what they've known for some time that was happening in the Far East?