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To: Mohan Marette who wrote (69107)	10/4/1998 9:22:00 PM
From: kemble s. matter	Respond to of 176387

Mohan, Hi!!! <<Laura: Thanks for posting that interview,that Michael Dell he is something ain't he? I am betting on him and not the market,hard to figure out the market any way but not so difficult to follow MD.<g>> Sure don't need any other recommendations when Michael talks... Best, Kemble

To: Mohan Marette who wrote (69107)	10/4/1998 9:28:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 176387

The people running the economies of the world @#@$@% nuts! I have about had it! The below is from the IMF. IMF Says Global Economy Worsening By MARTIN CRUTSINGER .c The Associated Press WASHINGTON (Oct. 4) - The policy-setting committee for the International Monetary Fund said Sunday that the global economic outlook has ''worsened considerably,'' but ended a day of discussions on the subject by papering over disagreements on how to halt the widening financial crisis. The IMF's interim committee pledged ''concrete and rapid action'' to deal with the worst global economic crisis in 50 years but used vague language indicating substantial disagreement still exists. Citing deepening recessions in Japan and many Asian nations, the collapse of the Russian ruble and stock market turmoil around the world, the IMF panel said, ''The outlook for the world economy has worsened considerably since the committee's April meeting.'' The United States and a number of other nations in recent weeks have put forward major proposals to overhaul the operations of the IMF, which has been widely criticized for bungling the way it has handled the Asian crisis. However, the final IMF statement underscored how much disagreement remains over just what approach should be taken. None of the major measures were adopted, although the group pledged to continue working toward agreement on a coordinated strategy. ''Now is the time to follow up with concrete and rapid action,'' the IMF statement said, although it indicated many of the proposals would not be acted on until next spring. This can't be right, spring this is BAD The disagreements between nations on the IMF panel reflected the differences that surfaced in discussions Saturday among the finance ministers and central bank presidents of the world's seven wealthiest countries. Despite a major Clinton administration effort to project unity among economic powers at these meetings, there is still strong disagreement over the proper course to follow. The weekend discussions represented the start of the annual meetings of the 182-nation IMF and its sister lending organization, the World Bank. U.S. officials insisted that they were happy with the initial support they have received for a major initiative Clinton unveiled Friday that would accelerate emergency IMF loans to countries threatened with investor panic. But other nations, worried that supplying easy access to IMF loans could encourage risky behavior, agreed only to explore the idea in the future. Several nations, including Britain and Japan, said that actual approval of any such proposal would heavily depend on whether the U.S. Congress ends its delay and approves an $18 billion American contribution to replenish IMF resources.