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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (730)	9/29/1998 10:16:00 PM
From: Lee	Respond to of 3536

Robert, I doubt my reaction is typical, but I'd take .25 to mean things are not so bad, here at home, at the moment. .5 would have meant uh-oh. I think the Fed is showing they understand things take time. I expect the next six months to show the real dichotomy between Asia and ROW, and between the new and the old economies, and the old firms that know how to play new. We are just now seeing layoffs at home due to lack of global demand, and that should accelerate. But I see many firms distancing themselves from the pack, and the tools that enable this seem to be flowing mostly in the US. I'm lost how to factor in a global credit squeeze by the demise of hedge funds. Perhaps I'd be less confident about the US if I understead that better. Cheers, Lee