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To: philv who wrote (12163)5/25/1998 11:49:00 PM
From: PaulM  Respond to of 116833
 
"Asia still a question mark." At the risk of sounding overly definitive, I think the question has been answered.

There is no way, IMO, these Asian economies can sustain each others losses.




To: philv who wrote (12163)5/26/1998 12:07:00 AM
From: Terry Rose  Respond to of 116833
 
philv, South Korea is another country having trouble with IMF guidelines and from some reports another powder keg. The average citizen will not see any of this IMF bailout package because the banks and ruling elite get paid first. The misguided sale of their gold did not work and now the unemployment line awaits the masses. Boom to bust.

I continue to believe that Japan or Germany will be the first to raise rates and the U.S. will soon follow.

A lot of the U.S. debt was converted from long term bonds to shorter notes and treasury bills by Clinton. Shorter term notes have lower interest rates and surprise the deficit comes down. This plan works great as long as interest rates stay low. This is one reason that I suspect that Greenspan has made a deal with the devil. Does Clinton have an FBI file on Greenspan? I wouldn't be shocked if he did and has threatened to use it.

Terry,



To: philv who wrote (12163)5/26/1998 12:15:00 AM
From: bobby beara  Read Replies (2) | Respond to of 116833
 
Phil, >>> Greenspan is walking a tightrope and juggling many balls at the same time!<<<<

I think they've been adding balls to his tight rope juggling act as the market gets more overvalued, with merger mania, internet and biotech mania, Clinton capers, 2nd wave down of SEA, MSFT DOJ action, etc etc yadda yadda.

One day soon, he is going to drop all the balls and fall off the tightrope. My t/a says some balls could drop starting as early as the beginning of June.

bwdik,
bobby b



To: philv who wrote (12163)5/26/1998 1:50:00 AM
From: Larry Haraksin  Read Replies (1) | Respond to of 116833
 
Philv,

I couldn't believe my eyes seeing South Korea down over 6%. This means that their stock market bubble has lost 48.5% of its air since January.

As for the IMF, I wish they didn't waste one nickel of my tax dollars to "stabilize" the situation. We all know that if the IMF money was marked, it would show up in the International Banksters' hand on Wall Street the next session.

I urge all of us Americans to call our Congressman and let them know Thanks but "NO THANKS." If we want to waste our money, we can do it at home with our welfare system.