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To: Simon who wrote (16133)	8/7/1998 5:48:00 AM
From: John Hunt	Respond to of 18056

U.S. Avoids Military Threat After Fresh Iraqi Defiance washingtonpost.com << Yesterday's public statements followed a policy review last spring, undisclosed until now, in which Clinton's national security cabinet concluded that it could no longer back intrusive U.N. inspections with the threat or use of American military force -- a centerpiece of U.S. containment efforts since the administration of President George Bush. Among the factors cited by officials knowledgeable about the review were: declining political support for use of force among even the closest U.S. allies; the inability of the U.N. inspectors to turn up major new evidence of Iraqi development of ballistic missiles or chemical, biological or nuclear weapons; and the need to remove the power of President Saddam Hussein, with each new provocation, to cause a massive U.S. military deployment that last time cost $1.4 billion in Pentagon funds and a major expenditure of U.S. diplomatic capital in Europe and in friendly Arab states. >> I guess, it's round one for Saddam.

To: Simon who wrote (16133)	8/7/1998 2:08:00 PM
From: John Hunt	Read Replies (2) \| Respond to of 18056

The Current Crash of 1998 is the worst so far this Century Interesting post #12497 by Netsurfer on the Overvalued : Roger's 1998 Short Picks thread Message 5440021 << First Decline in Dow 1929 16 days. 10.67% 1937 22 days. 10.07% 1946 40 days. 8.95% 1966 24 days. 9.54% 1973 20 days. 10.58% 1987 34 days. 9.68% 1998 12 days. 11.62% >> John

To: Simon who wrote (16133)	8/12/1998 7:48:00 AM
From: John Hunt	Read Replies (3) \| Respond to of 18056

And Now, the Financial Apocalypse aci.net << When a prominent MIT economics professor takes leave of his senses, blathering on like the worst of the stock stuffers of Wall Street and financial entertainment television, and when leading academic scholars and market practitioners proclaim that a replay of the market "correction" of 1987 is highly unlikely, you know the end is here. It can't get better, or worse, than this. >> I don't think he is a believer in the 'new era'. < g > John