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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (15740)	5/16/1998 6:17:00 AM
From: John Hunt	Respond to of 18056

Summit Leaders Fear Plunge of U.S. Stocks washingtonpost.com << International finance officials say their unease with soaring U.S. stock prices is shared by at least two key counterparts in the United States: Treasury Secretary Robert E. Rubin and Federal Reserve Chairman Alan Greenspan. In public, Rubin and Greenspan have hinted only obliquely that they are worried about the market's precipitous climb -- partly, perhaps, because they worry that too much official agonizing might trigger the sudden sell-off they're hoping to avoid. >> << Officials from other Group of Eight countries -- in addition to the United States, they are Japan, Germany, France, Britain, Italy, Canada and Russia -- say that, in private communications, both men have stated their misgivings much more plainly. Many of those who fear the consequences of such a sudden drop argue that the time has come for the Federal Reserve to take preemptive action. >> I wonder just how much pressure is coming from the G-8 to raise interest rates?