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To: Zardoz who wrote (27062)	1/26/1999 6:07:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116770

Hi- It would seem that with Brazil's problems,commodities will finally hit bottom and take gold down with it..the last shoe..but can't figure out what will happen when Chinese devalue..that is probably a non event because how can it make things worse in Japan...or what huge universe am I missing.. I am watching now for increasing signs of trade wars brewing.. I am not just talking about bananas I see rubin and greenspan as seals bouncing a million balls off their noses..and so busy bouncing them,that they don't see what they have helped to create...yes a lot of jobs short term..an economy driven by stock market profits..a world where conglomerates have gained even more of the pie..to provide a greater world for lawyers down the road when the consumer is going to be smashed in the face with higher goods since competition is being decimated..(geez did I hear it right that lawyers made 8 billion from the cigarette todos..)..seeds of huge anti american sentiment down the road..and probably a rise in anti semitism..Republicans sounding more like Democrats and Democrats behaving like capitalistic Republicans..hard working Americans being forced to pile their retirement funds into the market..(I loved when Abby Joseph Cohen said that the policies were something like "tough love"(it was something "love"..wonder how many people in emerging markets would use her term..maybe "endearing strangulation".."intense hugging".. (except I did freak a bit when I read that retirement age in Brazil was something like 40 years old) (I also freaked when I heard that Greenspan wants another term..I guess he doesn't share my view...one of my acquaintances told me that when one gains a very powerful position,the adrenalin etc blinds one to basic realities and one becomes just full of themselves and narrows ones reality) bobby (ps Snowball says thanks!) (ps still think they should have let ltcm fail and not give the recurring message that financial risk takers will continually be bailed out when they have "minor" goofs..the bailout in my mind was the hugest insider trading trade ever made on earth..and it was in the open with the sanction of the dear team of Greenspan and Rubin..wonder if they could go to jail for that? anyways I believe that big money always wants to get bigger so even if there had been a financial collapse in this pyramid game..smart money would continual to look for ways to increase their pile..(I am all for that..but I like fair rules..rather than all pigs are equal but some are more equal than others :-) )