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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: GUSTAVE JAEGER who wrote (522)	8/31/1998 10:58:00 AM
From: Amsterdam	Read Replies (1) \| Respond to of 3536

<<Greenspan will lower the long-term interest rate on Sept. 29 because of the looming global recession..>> Gustave, I'll bet you a kilo of Belgian pralines that Greenspan does nothing. Remember his comments about how the Asian crisis would be beneficial to slowing inflation in the US? The way he thinks, he likes these events as a throttle on US inflation. As for Japan, they don't need a negative real interest rate, they need a huge across the board tax cut. Tot ziens,