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To: stock bull who wrote (61880)	8/28/1998 12:24:00 PM
From: vip	Read Replies (1) \| Respond to of 176387

I think wall street will go higher as it clears the air about Yeltsin. Wall street does not like uncertanties. Any other views?? 12:08 RUSSIA'S YELTSIN DENIES RESIGNATION RUMORS.

To: stock bull who wrote (61880)	8/28/1998 2:28:00 PM
From: Jean-Robert Grenier	Read Replies (1) \| Respond to of 176387

To answer your question YES. Why: 1) The first Market to loose Hong Kong will be the first to recover from this present crisis. 2) The last market to loose understand US, will also be the last one to recover. Now, why Japan is in crisis: Remember when the interest rates in the US were at 4,5% in Japan they were at -1% so the multiple of Stock's Company's were close to 200 that is high inflation on the stock Market. Everybody is right, who Russian Economy can touch US Economy ? Simply because the European Economy will be touched by it. Don't forget that the Deutch Bank loaned 30 Billions of US$ to Russia and they wont be able to recover it before a few years and that is only one example. Now why Russia is in crisis, remember that the Russia Authority's sold to private Company's a lots of National Company's. SO what is the problem? Those private Company's do not pay their taxes to Russia. Only 12% of the Russia income comes nows from the Company's and before they were at over 50%. I believe that in the US it is close to 30%. Now how do you want the Russia to keep their economy healthy since they have difficulty's to collect their taxes. So since Japan is now in recession (second economy of the world) Europa will follow and sooner or later North America will also be in recession. If US Central bank raise their interest rates, Stock Market will fall faster. If they lower the interest rates, Stock Market will fall at a lower rate and if they do nothing, the actual situation will continue until next November. I hope I answed your question. Au revoir Jean-Robert