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

To: MileHigh who wrote (21966)	7/20/1998 1:03:00 PM
From: Sid Stuart	Read Replies (1) \| Respond to of 70976

Sunday July 19, 6:00 pm Eastern Time WALL STREET WEEK AHEAD - Buzz about lower rates By Marjorie Olster ... The other major feature of the week for financial markets will be the election of a new leader by Japan's ruling Liberal Democratic Party. The three candidates are Foreign Minister Keizo Obuchi, considered the most conventional of the candidates, conservative Seiroku Kajiyama and Health Minister Junichiro Koizumi, a 56-year-old political maverick with a blue-blood pedigree. Financial markets have chosen Kajiyama as a clear favorite. The 72-year-old veteran has gained favor with a drastic plan to clean up the banking system. This week's edition of "The Economist" also talks about these three men. economist.com The main theme of the magazine over the last two weeks has been a looming recession in England and possibly in the States. I'm not sure we should view the suggestion of lower interest rates as a bullish sign. Sid