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

To: P.Prazeres who wrote (12409)	12/28/1997 10:34:00 AM
From: Tommaso	Respond to of 94695

RE: easing of oil If those Asian economies go into economic depression, the money to buy the oil they want may not be there for a while. That's a possibility. Over several years, of course, it's most likely that demand will do nothing but increase. I hope that somehow the IMF, the Fed, and the banks in other countries --as well as the governments and business people--will figure out how to avoid a depression. As I mentioned, I am heavily into oil myself and have every reason to hope for increased demand and higher prices. But I am prepared to sit out a period of restrained demand, if that happens. I am not as much predicting that it will happen as I am admitting that it could. Just as a year ago I was admitting that Americans might keep on pouring money into equity mutual funds, though I was already starting to go short. (I still think the market was already badly overvalued a year ago.)

To: P.Prazeres who wrote (12409)	12/28/1997 11:02:00 AM
From: Haim R. Branisteanu	Respond to of 94695

Paulo, If you recall there is a slowdown in Asia, many factories are closing, office building go un-used, less air travel as less motorists and in general a protracted economy. All adds up to les energy consumption, and substantial amounts. It is true that the US is running full steam and consumes 25% or so of world production, but the Asian flu is hurting Eastern Europe and in some respect Europe and South America. So all those marginal cunsumption cuts are just adding up. BWDIK Haim