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To: R. Gates who wrote (5387)9/7/1998 7:17:00 PM
From: Radim Parchansky  Read Replies (1) | Respond to of 15313
 
The banking problems in some parts of the world being discounted already. If this is not the case and China and Latin America is next, more down turn can be expected. Alan Greenspan has expressed that inflation is no longer the only factor in determination of standard of leaving (which is a result of companies profits) and that's the (only) light I see for now.
Also important the dollar started to go down against the yen.

Radim