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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (2592)	9/6/1998 3:53:00 PM
From: waverider	Read Replies (1) \| Respond to of 14427

Speaking of bearish, did you folks here these little trio of quotes (in today's paper)...said just before/after the meeting Friday night: "...it is just not credible that the US can remain an oasis of prosperity unaffected by a world that is experiencing greatly increased stress." -Alan Greenjeans "These are clearly extremely difficult times...This is an unprecidented situation...The number of countries experiencing difficulties at once is something we have not seen before." -Rubin Both these guys are usually VERY careful what they say. They said a lot "We are in a situation which is indeed a dangerous one, by far not fully rational." -Micheal Camdessus, IMF AND Failure of a major Japanese bank, the Long Term Credit Bank of Japan, "might result in systemic risk for the US and for Japan." (read "systemic" as global recession) -Miyazawa (Japan's Finance Minister) And last but not least, the headline in my local paper said this morning: "US, Japan show signs of growing economic rift." Our business section was basically dedicated to explaining how you "need a plan" for lifetime investing...but this time they were talking money market funds and munis...NOT STOCKS! There is a major opinion change out there folks. <H>