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To: Enigma who wrote (21465)	10/12/1998 11:48:00 AM
From: scotty	Respond to of 116764

e...Yes,I started trading the system two months ago.

To: Enigma who wrote (21465)	10/12/1998 12:40:00 PM
From: waldo	Read Replies (1) \| Respond to of 116764

Future Takeover Targets? From Australia: Resources ride a rollercoster <<From BHP down to the tiniest of explorers, expectations of an ownership shakeout are rising. Two years ago the Asian economic miracle promised a golden age for the resources sector, encouraging new projects. That promise has evaporated. It is now a matter of survival of the fittest at a time when prices for oil, gold, lead, zinc and copper have sunk to new lows. Economic upheaval in Asia and Russia has cast a shadow of uncertainty across world financial markets.>> afr.com.au W

To: Enigma who wrote (21465)	10/12/1998 1:12:00 PM
From: Alex	Respond to of 116764

$1.6 trillion call for world growth By GLENDA KORPORAAL, Herald Correspondent in Singapore World leaders were urged yesterday to take immediate action to stimulate the major economies and stop Asia's economic crisis turning into a 1930s-style global recession. The chief Asian strategist for Deutsche Bank, Mr Kenneth Courtis, urged the 700 participants at the World Economic Forum in Singapore to issue a "call for growth", calling on the leaders of OECD countries to meet to discuss measures to boost the major economies of the world. He said this should include a $US1 trillion ($1.6 trillion) fiscal package by the Japanese Government to recapitalise Japanese banks and stimulate the economy. It should also include substantial interest rate cuts in the US and Europe. "We face the greatest risks since the thirties," Mr Courtis said at the start of a three-day forum on the Asian crisis. He said the Japanese economy was "inches away from an implosion of the type that rocked America in the thirties." "If that happens, everything we have seen now [in terms of the crisis in the Asian economies] will seem like a Sunday picnic." He warned that the economic slowdown predicted for Europe and the US next year could increase calls for protection in these regions and add to the Asian crisis because their economies were heavily dependant on exports. He urged leaders to "get control of the monster of deflation" before the world economy was gripped by a "vicious global cycle of debt deflation" which would "implode in on us." Mr Courtis was one of a number of speakers at the conference with gloomy forecasts for the Asian economy. The Deutsche Bank executive said the credit crunch in the Japanese banking system was "suffocating" Asian economies. A $US500 million package was needed in Japan to help recapitalise the banking system and another $US450 package to stimulate the economy over the next three years. Mr Wayne Booker, the vice-chairman of the Ford Motor Company, said he did not expect any recovery in the Asian region for "about five years". The fiscal and economic problems in Japan were "part of the problem of the upheaval in the Asian economies." "If Japan does not get its fiscal policies [in order] there is little hope for recovery in the Asian economies." But he was not optimistic that the Japanese Government "has even begun to come to terms with" what was needed to be done to reform its economy. Mr Clyde Prestowitz, president of the Washington-based Economic Strategy Unit, said the US was beginning to see the start of a "credit crunch" as the American banks began to "take flight from risk". Supporting Mr Courtis' call for more concerted action to stimulate world economies, Mr Prestowitz said there was already enormous over-capacity in major industries such as car making, steel, chemicals and electronics. He warned that Asian economies should not rely on exporting to the US at current levels next year because the US economy could be in for a serious slowdown. His institute had carried out a study which predicted a "strong recession in the US beginning in 1999 and deeping into 2000". smh.com.au