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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Robert who wrote (5793)	8/23/1998 4:38:00 PM
From: kormac	Respond to of 9980

Not off topic at all as this is related to the trouble of Russian economy which, as Zeev a few weeks ago mentioned here, is partly related to falling commodity prices. Yeltsin of course does what he has always done. What are his options; he has none. He hopes to buy some time, but it becomes increasingly difficult every time he does this. The trouble now is that the financial contagion is reaching Venezuela and with the divergence of the Russell 2000 and Dow having taken place already a few weeks ago, we may be near a strong downturn on the Dow also. The Dow banking components stated to slide Friday as a direct consequence of the Russian crisis.

To: Robert who wrote (5793)	8/23/1998 4:43:00 PM
From: Mike McFarland	Respond to of 9980

Russian events/off topic Useless, he is grasping for straws, it is too late, damage is done. The Russians should have sacked Yeltsin by now, he should not run for election again. With luck, he will die soon and go to a happier place where the demands are less and he can drink vodka with his ancestors. The man seems to be dazed and dimwitted on camera, he is in no shape to try and run a government, much less be getting rid of the only one he had. So now he brings back the fellow he sacked, what was it, six months ago. What kind of signal is that going to send to his people? Desperation. Watch a nationalist party rise from all of this. eom