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To: Link Lady who wrote (16478)	9/20/1998 6:38:00 PM
From: Link Lady	Read Replies (1) \| Respond to of 18056

WALL ST WEEK AHEAD/Matinee Monday, then back to business canoe.com Few surprises are expected to emerge from the tape, as much of what Clinton discussed in his testimony is already widely known. Even so, the tape, whatever its contents, will almost certainly put politics front and center of the market's psychology at the start of the week. But if politics has played a lead hand in markets in the recent past, business and economic trends remain the primary driver over the longer-term and the week may produce some potentially significant developments on those fronts as well. The first will come on Tuesday, when Japanese Prime Minister Keizo Obuchi is scheduled to visit the United States and meet with Clinton, bringing with him details of an agreement to stabilize Japan's banks. Analysts and central bank officials have stressed a credible plan would provide a critical first step to righting Japan's economy and, by extension, those of Southeast Asia, where the crisis that has devastated emerging markets first erupted.

To: Link Lady who wrote (16478)	9/21/1998 9:07:00 AM
From: John Hunt	Respond to of 18056

Impeachment, Japan, and a Hunger for Crisis stratfor.com << The problem today is that Bill Clinton badly needs a crisis to solve. In fact, he needs to save the world. Obuchi has tried very hard to give Clinton the opportunity to appear to be saving the world. The question is whether Clinton will seize the opportunity. Thus, two political cripples are meeting this week to discuss the future of the international financial system. Clinton set the stage for the meeting last week, when he announced the need for a global economic conference to solve the problems posed by the Asian meltdown. Interestingly, Alan Greenspan tried to diffuse Clinton's initiative by making it clear that he was not even in favor of a global interest rate cut, let alone more concerted international action. Nevertheless, Clinton badly needs to be seen as a decisive political leader. >> Let's hope this scenario is wrong.