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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (11458)	12/13/1997 8:57:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Bill, it seems to me that this solution may signal to the world that the US si serious in helping Korea, and also will lower a notch the cost of the bailout. It is my speculation that by lowering rates the FED may risk some inflationary presures, but will substantialy lower the cost of SEA bailout as the spreads in local currency will drop substantialy and the rate of exchange will improve. (e.g. the dollar will fall) The FED always can rise rates again, within six weeks or even give A.G. authority to raise at his will 25bp. It is my opinion that it is worth the risk as inflation is flat!! - for the time being. As to the stock market going down, well is it not a salutory event!? BWDIK Haim