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To: john dodson who wrote (14643)	8/30/1998 11:17:00 PM
From: Grand Poobah	Respond to of 25814

I have a good friend who is an expert on Russia, and he says that Russia's economy is in an advanced state of collapse. He also says that Chernomyrdin, Yeltsin's new appointee, was responsible for a lot of the poor economic policies and that Yeltsin made a big mistake by firing Kirienko, who was in the process of making necessary reforms. Yeltsin has now given up on economic reform and is just hoping for some political stability between now and the next presidential election in 2000. Things do not look good for Russia, whether Chernomyrdin is confirmed by the Duma or not. However, isn't the market grossly overstating Russia's impact on the world economy, if indeed that is the cause of the past week's drop? Opinions, anyone? We all know how LSI is dependent on that big Russian market... <g> G.P.

To: john dodson who wrote (14643)	8/30/1998 11:20:00 PM
From: DanZ	Respond to of 25814

OT What are you missing? I think the question is what am I missing. Other than the psychological effect of the economic problems in Russia, what do their problems have to do with the U.S. economy or the U.S. stock market? A few U.S. banks lent money in Russia and we export a small amount there. When all is said and done, the effect of what's going on over there will have little to no effect on our economy. I'm sorry, but U.S. investors are overreacting to the Russian situation. Please enlighten me and tell me what I'm missing. Thanks, Dan

To: john dodson who wrote (14643)	8/31/1998 3:37:00 PM
From: patrick tang	Respond to of 25814

The Russian economy is so tiny I wonder why everybody is fussing over it. If Russia goes down, Uncle Sam will just have to run some more deficits and re-arm. That's always good for business. On the other hand, take it look at the yen, sometimes it's trending almost to 141 to $, from 147/8 just a couple of weeks ago. THAT's good news - now Far East can take its time to recover and won't go further down from here. I think the next upturn will be lead by companies who R&D their way out of this overcapacity with new products. LSI seems to be still doing a good job at that. Yeah I know, management sucks with all their dis-information and such.... patrick