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

To: Philipp who wrote (25673)	8/30/1998 12:45:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Phil, presently I am hearing teh Russia issue from a different angle. (I am still on the mediterenian shores). I agree whit some of your posting but a stable Russia is in the formost interest of the western powers. The communist's who are now pure "Russian Mafia" representative were in a strugle to take over. They failed and agreed on a more reasonable truce. Clinton going there without a salvage package will be as if he canceled. I do not think Clinton and his advisers are so stupid. An FED ease will be also an indirect help to Russia. Just remember the MArshall plan in Europe. THis is can be redone in Russia. The only trigger are more agressive tax law and reform passed by the DUMA, I speculate they will pas it as it actually will hit the rich elite and the "communists" will present as their success. The change of power was triggered because of those laws and teh communist tried to wrangle the power from Yeltzin and failed. Not to be misleading I think we are firmly in a bear market but Clinton/Yeltzin summit will warrant a "pop" of 100 to 200 DJIA points or to SPX 1060 IMHO BWDIK Haim

To: Philipp who wrote (25673)	8/30/1998 1:10:00 PM
From: Greg Jung	Read Replies (2) \| Respond to of 94695

Russia's communists want revision of IMF deals MOSCOW, Aug 30 (Reuters) - Russian Communist Party leader Gennady Zyuganov said on Sunday some of the pledges Russia had made to secure a huge loan from the International Monetary Fund should be revised. Zyuganov told reporters his party would insist that a document on political accord between the president, the government and parliament, broadly approved earlier on Sunday, should also include a promise by the new government to revise several points of the IMF-Russia loan deal. ''We think that this document should reflect our attitude to a number of articles signed with the IMF by (Central Bank chairman Sergei) Dubinin and (former prime minister Sergei) Kiriyenko,'' Zyuganov told reporters. He said he was referring to ''obligations to destroy natural monopolies, shift the full tax burden to individual citizens (from companies) and to raise housing rent by 15 percent every year.'' Earlier on Sunday, acting Prime Minister Viktor Chernomyrdin and leaders of the Communist-led State Duma lower house of parliament approved a deal aimed at building a political consensus to save Russia from economic collapse. The deal is expected to secure Chernomyrdin's confirmation as prime minister by the Duma and strip President Boris Yeltsin of some of his sweeping powers. Zyuganov's comment appeared to indicate he would express those demands during debate on Chernomyrdin's approval. Do you suppose they will give back the loan before asking for different conditions?