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To: Cyrus who wrote (2601)	1/13/1999 10:37:00 PM
From: LindyBill	Read Replies (1) \| Respond to of 41369

Every time one of these 3rd world economies crash, it causes us to have a slide, even though it really does not affect the stocks we are in at all. We have learned you have to have a stable money supply, but these 3rd world countries keep inflating and crashing over and over. I think it is the "herd" mentality. Wall Street knows this will happen, from past experience, so everybody sells. I should have got out Monday when they were touting the Brazil situation, and got back in today, as some of you did. Ain't hindsight terrific?

To: Cyrus who wrote (2601)	1/14/1999 12:55:00 AM
From: Chuzzlewit	Read Replies (2) \| Respond to of 41369

Cyrus, I am convinced you are correct. Brazil by itself isn't significant, but the problem is that the economic woes could easily transfer to other SA economies and to Mexico. This is potentially a very dangerous situation. As I recall, Mexico is our second biggest trading partner (behind Canada). The culprit here seems to be very weak commodity prices -- oil in particular. Furthermore, given the relatively low demand for oil, it seems likely that that the response from these countries will likely be to pump more oil, exacerbating the problem. I think we can expect decisive action on the part of the IMF very soon. TTFN, CTC