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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (3494)	12/21/1998 8:12:00 PM
From: Glenn	Read Replies (2) \| Respond to of 90042

Smiles, I didn't understand that post. ?? Glenn

To: Tim Luke who wrote (3494)	12/21/1998 8:46:00 PM
From: Glenn	Respond to of 90042

Two articles from the wsj that look good: IMF Says Risk of Recession Eases, But It Sees Slower Global Growth By DAMIAN MILVERTON Dow Jones Newswires WASHINGTON -- In its latest prognosis for the global economy, the International Monetary Fund said Monday that the risk of a world-wide recession has dissipated as some of the biggest countries moved to combat nagging problems. But the agency still trimmed its growth projections for the next two years, saying an earlier outlook was too optimistic. In its third World Economic Outlook issued in 1998, the IMF (http://www.imf.org) shaved its forecast for world growth in 1999 to 2.25% from 2.5% in its previous report, issued in October. Growth for 2000 was trimmed to 3.5% from the earlier estimated 3.7%. The IMF said the modest nature of its revisions in this latest economic outlook points to a stabilization in financial markets, although several dangers -- ranging from a steep dive in U.S. equity prices to the failure of Japan to resuscitate its economy -- could slice growth next year to just 1.25% if they materialize. Despite Asia's Wave of Rate Cuts, Limited Credit Threatens Recovery By YU WONG Staff Reporter of THE WALL STREET JOURNAL Asia's feverishly high interest rates are cooling off, adding holiday cheer to recession-hit economies at the end of a harrowing year. Hong Kong's banks are the latest to join this trend, announcing a quarter-percentage-point cut in local deposit and lending rates late Friday, the fifth cut this year and the fourth in two months. The Hong Kong stock market's benchmark Hang Seng Index surged 1.4% to 10226.23 on Friday in anticipation of the rate cut. The index opened up 243.33 points to 10469.56 on Monday. Hong Kong Experiences Deflation for First Time in Over Two Decades It's welcome relief for the region's crashed real-estate markets and sagging economies. Lower interest rates mean lower mortgage payments, less corporate debt-servicing and slower growth in nonperforming loans for banks.