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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (15933)	6/26/1998 1:27:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 18056

Stitch, thanks for the link: <<(2) Simultaneously reform the banking sector. Prof. Anderson pointed out that they may not accept an RTC type solution, and this is supported by the Japanese mood at the Asean meetings. The Japanese are getting tired of being dictated to by the West (basically, all of the stimulus packages they've attempted so far have been dictated to them and they've all failed) so Rubin may have to adopt a more conciliatory tone with them.>> Why wouldn't they. After all, the US interest in this is to protect the US bubble from bursting. The intervention sends a signal to the Street - "Guys, excessive speculation is alright with us. Continue doing what you want, we are here to take care of things if they go bad." Not exactly a free market, I would imagine! And, did Clinton get his new marching orders from the Chinese, yet? -g- -MMV