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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?


To: Rob Shilling who wrote (561)8/28/1998 2:20:00 AM
From: Dimitry A. Semenov  Respond to of 1301
 
NEW YORK, Aug 27 (Reuters) - Fears of a global economic downturn intensified
Thursday as the Russian crisis worsened and the spreading financial pressure
appeared to
claim a new victim in Canada.................
___________________________________________________________________
Crisis in Canada is a joke. I work for a bank and see that the loan portfolio is as sound as it was a year ago. Those traders who short Canada still think Canada is a commodities based economy. Not true.



To: Rob Shilling who wrote (561)8/28/1998 10:44:00 AM
From: P.T.Burnem  Respond to of 1301
 
France, another G-7 member, said Thursday the international community was convinced it needed to help Russia but Moscow had to push through more reforms ...

Pouring more money into the moribund Russian economy every time there is a crisis in Moscow is much like pouring more oil into an engine with a blown head gasket every time the "idiot's light" comes on.

PTB