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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (945)	10/27/1998 6:20:00 PM
From: Paul Berliner	Respond to of 3536

Robert, you're correct - Cramer was exaggerating to make a point (there's not even 140 trillion dollars in the world, total).

To: Robert Douglas who wrote (945)	10/27/1998 9:39:00 PM
From: Frodo Baxter	Respond to of 3536

Bob, The Fed lists debt, using a pretty broad definition, as ~$16 trillion. Federal debt (read: Treasuries) is ~$5.5 trillion. I'll leave it up to you to figure out how much of the remaining ~$10.5 trillion is bonds (liquid) and how much is non-securitized bank loans (not liquid).

To: Robert Douglas who wrote (945)	10/28/1998 8:22:00 PM
From: Chip McVickar	Respond to of 3536

Robert, Thanks for the reply. I think that Creamer (sp?) maybe trying to market his web site the street.com.....and looking for publicity by picking out obvious imbalances and over working the story. I'm certainly learning to be more suspect about grand statements of doom. Sure from what I've read and seen the bond activity has slowed dramatically, but is not critically dead. WSjoural today addressed this story with an article on a $4.8 billion over subscribed issue. The cyclical nature of the brokerage worlds is at work and the fancy cigars will be hit the hardest and weekend dates will be out a few trips to Bermuda. But don't you feel that the situtation would become more advanced if Greenspans cuts fail to ease the credit retreat from capital lending in this country and world wide lenders do not react favorably to the EURO introduction..? Chip