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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (16563)	9/29/1998 5:08:00 PM
From: Link Lady	Read Replies (1) \| Respond to of 18056

U.S. Stocks Mixed as Investors Want More Rate Cuts news.com On the floor of the New York Stock Exchange, some traders booed the announcement. One shouted, ''A quarter, a half -- it won't make a bit of difference,'' in the minutes beforehand. Been away today, sure was a negative acceptance of the rate cut.

To: Thomas M. who wrote (16563)	9/29/1998 8:24:00 PM
From: Dayuhan	Read Replies (2) \| Respond to of 18056

Tom, <<there was more of a power structure in place to enforce the law>> Very true. Capitalism needs more than capital markets, it needs a political structure capable of enforcing basic rules. Otherwise you get what the Russians have now, an economy dominated by organized crime. We should have been there helping to organize an intelligently phased transition to a market economy, taking at least a decade. Instead we sang "ding, dong, the witch is dead", and sent in the carpetbaggers. Bad move. The Chinese are doing a much better job of moving out of communism. Steve