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To: John Hunt who wrote (16666)10/3/1998 3:24:00 PM
From: Link Lady  Respond to of 18056
 
Banks act in self-interest

Their move to bail out crippled LTCM raises fears of collusionhttp://www.canoe.com/FPNews/oct3_banksactin.html



To: John Hunt who wrote (16666)10/3/1998 3:38:00 PM
From: Link Lady  Read Replies (3) | Respond to of 18056
 
Northern Telecom must be evidence that th emarket is in a panic.
Message 5904315

"Really, everybody's a bit panicky about markets and earnings, and this
one hit home," said Mr. Mackenzie of Fairvest Securities, which
specializes in corporate governance issues. "Maybe [Northern
Telecom] set out with no intentions of disclosing anything that would be
considered privileged, but it was construed."



To: John Hunt who wrote (16666)10/4/1998 7:48:00 AM
From: John Hunt  Respond to of 18056
 
U.S. Aid Proposals Get G-7 Backing - Risks 'Increasing' From Asian Crisis

washingtonpost.com

<< Amid a deepening financial crisis that poses one of the gravest threats to the global economy since World War II, top economic officials from the leading industrial nations met yesterday in Washington and agreed to back recently announced U.S. proposals for new methods of providing aid to countries vulnerable to the crisis.

But beyond a broad pledge of "intensified cooperation" to keep the world economy growing, the finance ministers and central bankers from the Group of Seven nations offered little that was new to calm the panic that has gripped financial markets in recent weeks. >>

:-O

(Very Big Yawn)




To: John Hunt who wrote (16666)10/4/1998 7:55:00 AM
From: John Hunt  Read Replies (2) | Respond to of 18056
 
1929/1987/1998 Chart

urbansurvival.com

This comparison chart has been updated.