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To: Tunica Albuginea who wrote (6724)	9/29/1998 2:48:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 18016

1415: And.....here it is!!! A whole 0.25% Fed Funds rate cut to save the world market bubble with more credit!!! And.... the market has spoken: " Dow down 80 points.Need more cash than that Alan G. ". The IMF Fund is dry. Rubin and Clinton are tied up with Monica and can no longer dippy in the US Discretionary Fund a la Mexico rescue few years back. Those nasty Republicans won't let em. So where to go? We've bailed one Hedge Fund out ( Long Term Capital Management, with Merrill Lynch investors, CEO Komansky and all ), but what about all the other Hedge leveraged funds? ( you invest 4 Bill GG!! and get to " control " 100 Billion!!! whooopsy !!! now THAT is what I call " a broad data pipeline " since in this thread we communicate better in terms of bandwidth ). So the only question now is since the Fed isn't ready to ante up and fill the waiting " bandwidth", who will? We got all sorts of folks clamoring for more cash: Comrade Yeltsin; Suharto and company; the Japanese Banks ( " bail me out Alan, pleeease " );..............etc. Any suggestions? TA

To: Tunica Albuginea who wrote (6724)	9/29/1998 3:35:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 18016

We just don't need more micro-chip factories -- or more coffee bars. The writer had my attention until I got this far. Coffee bars may be the one thing we do need. If the rest of the world goes cyber, they may become our most accessed means of human contact. And in today's market the caffeine keeps me from terminal snooze. As for the global economic picture, I'm in the top row of the highest balcony, looking through binoculars trying desperately to see what the players are doing. From where I sit I can hardly see their lips move to say nothing of knowing what their words mean. I grew up with a grandmother who saw a red under every bed and if her fears had been realized, our churches would be boarded up and our children spouting Das Kapital in Russian. Little did she realize her reactionary excesses would leave me ill equipped to respond to rhetoric such as Maggie Mahar's. She's right that Alan Greenspan is not going to save the world. No one person or country can. And, frankly, I find that comforting. Later -- Pat