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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (29307)	9/28/1998 9:10:00 PM
From: robnhood	Respond to of 94695

Okee dokee,, but here they all are... BTW,, both Rubin , and Greenspan have looked particularly haggard to me lately, and it wouldn't surprise me from all the people who must lean on them.. BWDIK,, << The Invisible Mouth: Postcards from the Edge By James Padinha Economics Correspondent 9/25/98 3:17 PM ET Hostage JACKSON HOLE, Wyo. -- A British MI6 agent known to this column as Deep Throat has intercepted two top-secret telegrams and alerted your narrator to their existence. The first is addressed to Mother (who, said agent has discovered, is Fed Chairman Greenspan) and signed Suckling (assumed to be Brazilian President Cardoso). All set for you-know-what on Tuesday. Stop. Really cannot thank you enough. Stop. Election 4 October and trying to win by big margin to avoid second round. Stop. Also figured $226 billion in foreign debt was sure to sink my currency. Stop. Must now ask two more favors. Stop. Much prefer 50 basis points to 25. Stop. Also request that $50 billion aid package be announced Tuesday morning. Stop. The second telegram was addressed to Boyish Diffidence (who, said agent has discovered, is Treasury Secretary Rubin) and signed Banking on Abby (assumed to be Goldman Chairman Corzine). Got Deutsche to pony up $300 million without even having stake in LTC. Stop. Altruistic angle and systemic risk spin brilliant idea. Stop. Rate cuts as commodity pure genius. Stop. Will not fade you again. Stop. Know how badly you want to leave but suggest not resigning just yet. Stop. Thinking about trying IPO again right after November FOMC meeting. Stop. Please advise. Stop. Deep Throat also confirms the existence of a draft of a telegram addressed to Big Mac (who, Throat has discovered, is New York Fed President McDonough) and signed Crimson (assumed to be the Harvard Management Company). Just lost $1.3 billion of $13 billion pile. Stop. Lots of big brains here, but forecasting spreads like betting black or red. Stop. Thinking about double-digit leveraging. Stop. Not asking for help per se. Stop. But do want to request open-ended reservation for conference room. Stop. P.S.: Tell Ferguson he is late on alumni-association dues. Stop.>>> russell

To: HairBall who wrote (29307)	9/28/1998 9:39:00 PM
From: Monty Lenard	Read Replies (2) \| Respond to of 94695

LG, John has a link on the Mohan thread that is very interesting if true. "He said hedge funds in general had been taken by surprise over the degree of volatility in markets in recent weeks. The events that have been happening are right outside the experience of markets in the last 25 years. You have to go back to the 1930s to seen anything like this again." He said hedge funds in general had been taken by surprise over the degree of volatility in markets in recent weeks. "The events that have been happening are right outside the experience of markets in the last 25 years. You have to go back to the 1930s to seen anything like this again. Monty