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To: Bucky Katt who wrote (13397)	6/18/1998 10:30:00 AM
From: Gabriela Neri	Read Replies (1) \| Respond to of 116856

That new record deficit is fundamentally supportive for a lower dollar going forward(of course, that is a big picture non tradable fundamental)

To: Bucky Katt who wrote (13397)	6/18/1998 5:44:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116856

Russia Calls for $10-15 Billion in Aid dailynews.yahoo.com

To: Bucky Katt who wrote (13397)	6/18/1998 9:59:00 PM
From: ahhaha	Respond to of 116856

They should know by now not to trust officials especially not the Democrats. They have to be fully hedged when the boat starts shaking, or carry reduced exposure. I have advised various people I deal with about the variances they could expect. The dollar should have peaked this Spring, but it is eking out a new high from the residue of last December. This is a prop job. When the dollar goes, it will go fast. That will be the red alert that interest rates will be rising. The US really can't afford to be involved with intervention. This is another reason why half the Washington officials are in Asia. Regardless of what the Treasury did the other day, it's a pretty good bet that the yen would fall. The market is playing a game with the officials. It has got off the main track and is trying to spook the officials into actions that would cause volatility. Once this nonsense is over and Japan has made some necessary adjustments, the yen will rise. Then they all will get freaked out about a weak dollar.