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To: Crimson Ghost who wrote (13574)	6/20/1998 10:19:00 AM
From: Alex	Respond to of 116895

Russia Threats New Cold War Over Kosovo NATO relegates Russia to third-class status THE Russian military issued a warning yesterday that Nato would provoke a new Cold War if it intervened in the Yugoslav province of Kosovo in the face of opposition from the Kremlin. A senior general responsible for co-operation with the Western alliance, Leonid Ivashov, said: "Europe does not want to go back to where we were a few years ago, but someone is trying to push it there, and it is not Russia." Nato, he said, was behaving like the "policeman of Europe". The general told Russian reporters that there were still 1,000 ways to resolve the conflict, "and only the 1,001st should be the military option, which we cannot allow". The general made clear that Moscow would tolerate Nato military intervention only if it was sanctioned by a resolution at the UN Security Council, where Russia wields a veto. The military's tough line was not echoed by the Russian foreign ministry, which is trying to play the role of broker between the Yugoslav leader, Slobodan Milosevic, and the West. A Foreign Ministry spokesman said yesterday that there were still real possibilities of political dialogue. The general's outburst will raise many questions in the minds of Western military chiefs, as all are agreed that the Russian army is not in a fit state to fight. The defence minister, Marshal Igor Sergeyev, has said that last year the Russian army had practically no battle-ready units. The Kremlin has been unnerved by suggestions from Washington that Nato has the right to intervene in Kosovo without a vote at the UN Security Council. By bypassing Moscow's UN veto - the last vestige of its superpower past - Nato would relegate Russia to third class status in Europe. In Brussels, Nato dismissed the threat of a return to the Cold War. An official said: "The Cold War is a historically terminated event. It is buried and it is not going to come back. Certainly Nato would never do anything to make it come back." London Telegraph, June 20, 1998

To: Crimson Ghost who wrote (13574)	6/20/1998 11:30:00 AM
From: Gabriela Neri	Read Replies (1) \| Respond to of 116895

Yes, that is true. Probably higher. But, you know, when you think about this situation, it really is quite interesting. I have no clue as to where the japanese market is going. But, I think that ,in this situation, it is really easy to be pessimistic and of the trend following mentality. It is very difficult to see the bright side of Asian and Japanese potential . Very difficult indeed. And, markets being what they are (rather clever organisms), it would not surprise me if much of the downside is in already(in Japan). After all, it has been quite some time that their economy has been slowing and their market has been declining. None of these facts are secretes after 5-9 years. We may be witnessing the end game , wherein the whole shooting match has very little left to go on the downside and a lot of upside. Most of the mainstream talking heads are going to see the downside, because they follow the course of least resistance(the trend). It very well may be time to be putting on the contrary hat, and these trend followers are the last to see the change. They have to be hit over the head with a 3 ton bag of mining equipment to change their sights. After many years where brainless but profitable trend following has ruled the roost, contrary thinking may be the way to go from here. Its just so difficult to see how Asia gets out from under the doormat in any reasonable time frame that I bet they do. After all, what do we really know about the Japs inner thinking at this moment in time other than what we read and hear, with all its inherent biases. Very few people here are in a really advantageous position of being able to know. If the Japs take a bold step in the restructuring of their banking system, you can bet your mass that a lot of smart money will seek the entrance door to the Japanese market. I have no doubt of that. Whether they will actually take the steps is something which I do not have a clue. But, it is bad business to bet against Bob Rubin. He is too smart, too informed, too savy. Its just like that. The guy knows the game. He is the type of guy who, when he suffers defeat, he will be stronger for the experience. Bob Rubin will not preside over the demise of the global financial system. He will leave that for someone else to do. The man will not go down in flames. Rather, he will win, one way or the other. Now what winning is, I am not sure at this time. I suppose winning is the aversion of a global financial meltdown.