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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (2569)	12/11/1998 7:34:00 PM
From: Al Cern	Respond to of 81092

Hutch, The reality is quite simple. Consumption is what makes the world go round, so what do we have to do, make interest rates negative again. You probably aren't old enough to remember what that means. That is probably what he means. Sincerely, Al Cern

To: Zardoz who wrote (2569)	12/12/1998 6:41:00 AM
From: Bill Murphy	Read Replies (3) \| Respond to of 81092

Hutch, After 3 extraordinary,paniced interest rate cuts, the credit spreads are widening again. Auctions are being cancelled left and right. Liquidity is a big issue in the credit community. JP Morgan reports half the profits analysts thought they would and then cannot really explain what happened. They are propping up there balance sheet with credit derivatives. Brazil, Mexico and Venzezuela are on the brink because of collapsing commodity prices. The dollar is starting to dive as the Mideast and Asians are unloading. The US saving rate went negative for the second month in a row. Americans are spending and investing in the stock market. If it tanks, the US economy will go south. Asia is still weak and Russia is about to default again.Spreading defaults will mean fear of paper. That fear will lead to massive gold buying. That is the way I see it. Bill