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To: John Hunt who wrote (27142)	1/27/1999 8:40:00 AM
From: John Hunt	Respond to of 116895

IMF's Brazilian policy is only a respite for US << The International Monetary Fund was set up to help countries in trouble, but its chief role is protecting international banks. Its reputation, already dented by failures in Asia and Russia, has suffered another blow with the floating of the Brazilian currency, the real. Far from despairing, markets welcomed the news. Either markets or the IMF have got it seriously wrong. If the defeat of the IMF's plans is good news, as markets think, then either markets are dotty or the IMF should not have had those plans in the first place. -- cont'd -- >> smithers.co.uk