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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Oeconomicus who wrote (23913)8/11/1998 12:34:00 PM
From: P.T.Burnem  Respond to of 94695
 
With banks falling while bonds are strong, could this be another hint at recession?

This is a hint at troubles in the world's financial system. Indonesia has stopped making payments on her sovereign debt. Trading in the Russian financial markets has been halted. Hang Seng has reached a 5-year low. HK authorities swear they will not break the peg, but the stock market tells a different sory.

PTB