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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (16834)	10/25/1998 12:06:00 PM
From: Link Lady	Respond to of 18056

Wobbly world economy seen facing uphill struggle canoe.com Analysts doubt that U.S. rate cuts alone can do the trick. Europe in particular is coming under mounting pressure to do its bit to get the world economy out of its morass. "I'm not sure how much more you can achieve by cutting U.S. interest rates," said Sohn of Norwest Corp. U.S. officials are certainly reluctant to let other key industrial economies off the hook too easily. Appealing for support for Washington's efforts to end the global turmoil, Treasury Secretary Robert Rubin has repeatedly described the crisis as a test for the international community. "There are no magic wands or easy answers and we will have to work our way through this over time," he said in a speech last week. "But, in my view, we are on the right track."