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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (20551)	6/17/1998 11:33:00 PM
From: Big Bucks	Read Replies (2) \| Respond to of 70976

GM & All biz.yahoo.com Snip> Analysts agreed that propping up the currency was addressing the symptom, not the cause, of the malady. ''The rebound we saw today is going to be short-lived,'' said Philip Orlando, chief investment officer of Value Line's Asset Management division. ''We believe that this (yen rebound) is a very near-term event that could fall apart shortly,'' he said, adding the intervention was ''a band-aid without much adhesive''. Orlando said the market would be more impressed by a concerted Japanese effort to cut taxes, increase stimulus spending and lower interest rates to get both its economy and the regional economy moving in the right direction.<snip BB