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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (43)	5/5/1998 10:51:00 AM
From: X Y Zebra	Respond to of 3536

>>But the question is not what you or I think should be done with interest rates but what the Fed thinks.<< May be we should present a complimentary SI subscription to AG, with a "handle" of: "Chairman Boss", who knows? he may even read the stuff. Z.

To: Henry Volquardsen who wrote (43)	5/6/1998 9:22:00 AM
From: Chip McVickar	Read Replies (2) \| Respond to of 3536

Hello Henry George Shultz rattled a few widows yesterday before the JECommittee. I certainly agree with his stance on full disclosure by the IMF....but I doubt it's worth waiting around for their first report. It should be delayed as the feds accounting. Never understood why the IMF needed to be secretive.....except that it's run by the 'elite' and that's what they like for management. Having a distrust of highly centralized and powerful organizations.... I much prefer the checks and balances that diversity brings....and the balance of compitive markets. I wonder if the IMF is not reaching towards the conclussion of it's usefulness. Not that it hasn't been successful and important. But eventually with the emergence of Currency Boards, the Euro and other balances....the necessity to maintain the IMF will deminish. Pegging to currencies, accountability and more transparent banking would someday successfully deal with this universe of lending to weak economies. I bet the IMF is starting to lose it's ability to effect these larger currency markets....in some ways, rather then adding to it's coffer's the world should be reducing it's ability to intervene. Making it truely a lender of last resort. It was never set-up to bail out Asia and should not be the only device available to correct currency imbalances. Financial panics may become a thing of the past....as larger currency blocks stablize the markets and smaller countries can spread-out their barrowing needs and peg currencies. Especially if the Asian countries are able to agree on their own Euro. Chip