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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Baywall who wrote (3598)	10/2/1998 12:14:00 PM
From: Baywall	Respond to of 5676

Every analyst has their opinion, no one can predict the future. Here is partial quote from the article referred to: "Nariman Behravesh painted a gloomy picture of the global economy on Tuesday, giving a 30 to 35% probability of world recession-mainly due to the Asian crisis. Japan appears to be heading for a depression and could drag the rest of the world into a recession says the chief international economist for Standard and Poor's DRI. The Federal Reserve will likely institute three matching (25pt) cuts over the next year or so, he said. By the middle of 1999 we'll be looking at ST rates of 4 1/2%. Behravesh gives Japan only a 10-15% chance of cleaning up its banking system and boosting its economy. At best, Japan's economy will shrink by 2% next year, but it could be 6% or worse, said Behravesh. A decline in interest rates in the U.S. will ease the pressures on the Japanese and others in terms of their currencies and will reduce a little bit of this flight to quality that's occurring in the world economy. It just sets the stage for a world recovery, but not a speedy recovery."