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To: Thomas M. who wrote (16738)	10/10/1998 5:24:00 PM
From: Link Lady	Read Replies (2) \| Respond to of 18056

U.S. Republicans say IMF compromise within reachhttp://www.canoe.com/ReutersNews/IMF-CONGRESS.html >> Top congressional Republicans said on Saturday they were near agreement with the White House on freeing up $18 billion for the International Monetary Fund to bail out the next wave of tottering economies.<< This lead sentence in the article sure doesn't make one feel confident.

To: Thomas M. who wrote (16738)	10/14/1998 4:55:00 AM
From: John Hunt	Respond to of 18056

Will Leverage Cause The Financial World to Blow Up? pei-intl.com << There has always been the question of leverage that enters into the process of any financial panic. The degree of leverage within the system is a key factor in determining just how severe the panic will become. However, the degree of leverage may also have a neutralizing impact upon government's ability to manage and control the economic forces at work. In short, even if government reduces interest rates, increases the money supply and passes sumptuary laws to deal with the effects of leverage, all such efforts may have little impact upon the short-term while increasing the amplitude of the next business cycle. It has always been the degree of leverage that ultimately dictates the fate of mankind and his political economy. Today's financial turmoil has shown precious little evidence to suggest anything otherwise .........