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To: John Hunt who wrote (15755)	5/18/1998 8:36:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 18056

The warrior from Little Rock is now an expert on Economy. Make him the Fed Chairman after his presidency! -g- my.excite.com -MMV

To: John Hunt who wrote (15755)	5/18/1998 8:42:00 PM
From: Simon	Read Replies (1) \| Respond to of 18056

<< Isn't it fun living in interesting times.>> U betch Red Rider. Just like the Nashville Grand Ol Opere "HE HAW" Got a friend who says,"U pays UR money and U takes UR choice." Crudelle has been shooting his mouth off for years. He makes a lot of sense, but is always wrong. He just can't stand (trust) Gov't statistics. Fleckenstein was on cnbc this morning and said he thinks the Fed will squeeze the money supply. (Take some out) Sounds like a nice compromise for AG. ""asking Mr. Softy to distribute Netscape to its customers."" Should be interesting to watch 2 - 800 lb Gorillas go after each other. Evening news said Mr. Softy could outspend the DOJ. Why not just buy the DOJ and fire everybody. :-))

To: John Hunt who wrote (15755)	5/19/1998 7:09:00 AM
From: John Hunt	Read Replies (2) \| Respond to of 18056

The Banks' Nuclear Secrets pathfinder.com << Derivatives are a kind of nuclear financial instrument. They are powerful and highly complicated agreements designed to offset certain financial risks. Under steady conditions they work well. But in derivatives, like nuclear mishaps, there are no small accidents. And as the Asian economic crisis worsens -- and in Indonesia's case nears catastrophe -- the financial Geiger counters are beginning to buzz. >> << And now comes the bad news. Some $10 trillion (yes, $10,000,000,000,000) in derivative contracts are set to mature this year for U.S. bankers, and the U.S. bankers are holding their collective breath to see which of their Asian clients will pay up. Many won't. "Those who believe there won't be any further derivative losses from Asia couldn't be more mistaken," says Edward Furash, a bank consultant based in Washington. >>