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To: Frank Ellis Morris who wrote (17821)	2/25/1998 12:28:00 PM
From: Sonny McWilliams	Respond to of 27012

Frank. A.Greenspan' speech is muted. Only caveat. He is still pushing IMF money and therefore IMO paints a bleaker picture about Asia as far as our economy is concerned. I would think it would hurt us more if they don't put their house in order on their own. Like we had to do with the S&L crisis. A lot of influx of IMF money in those countries just will make things go even longer before they put measures in place to stimulate their economies. I think the influx of all those cheap goods will hurt us in the long run so why make it even easier for them to do it? What's the diff. if the money is cheaper and they send us cheaper goods or if the money there is stronger and they still send us cheaper goods? Well, anyway, today looks like another good day for the markets. Let's hope the speeches stay on track and we don't get a sell off later on today. I thought we would not go up until this afternoon or tomorrow, but I am not complaining. About that letter. You should have it today or tomorrow. When I told you the other day that it will get mailed today, I decided to put the letter in a brown envelope ( so I did not have to fold it as much ) and I had to go and get some first and it did not get mailed until Monday. Sorry. Sonny