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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Oracle who wrote (6536)	8/11/1998 11:13:00 PM
From: MGV	Respond to of 22640

I find this piece of information (regarding Greenspan's concern) somewhat reassuring. Such sensitivity suggests a rate cut is not out of the question in the U.S. One thing appears pretty clear, the Yen is on its way to the 160's failing an immediate (and unexpected) mobilization by Japanese policymakers of a no-nonsense reform and stimulation package. Referenced passage from the article: Federal Reserve Chairman Greenspan shares the concern the U.S. economy could be damaged if stock prices fell dramatically as happened in the late 1980s, the New Yorker magazine said. The linked article indicates that at least several U.S. economists do not believe the U.S. Treasury will or should move to support the Yen, as it did in June. biz.yahoo.com