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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (16653)	10/15/1998 4:18:00 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

But Judy: this is no different than the Hong Kong government buying their stocks. This is absurd. There is simply no reason to cut rates like this. This is a mistake. It will only make the downturn much, much worse.

To: Judy who wrote (16653)	10/15/1998 9:49:00 PM
From: Andeveron	Read Replies (2) \| Respond to of 42787

>> A falling dollar is also good for emerging nations ... mitigates the risk of their currency devaluation. << Perhaps, but a falling dollar also destroys the buying power of U.S. companies that import from Japan. It destroys the export viability of Japanese companies. A lower dollar will only prolong the pain in Japan so much longer and it will cause pain for import companies in the U.S. and eventual capital flight out of this country. It may not happen all at once but it will happen and the end result is a continuation of a vicious cycle that is being exacerbated by the Fed. The dollar was weak before today, it will only become weaker. Devaluation by emerging countries may happen regardless of the rate cuts and all this posturing would have been for naught...