Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (5090)	5/12/1999 10:25:00 AM
From: Wally Mastroly	Respond to of 15132

Re: "Rubin Resigns!..." developing story, Bloomberg link: bloomberg.com Deputy Treasury Secretary Lawrence Summers has been much more visible/vocal lately - setting the stage for the transition. Another reaction: "The main thing for the markets is that Summers continue to provide clarity with respect to dollar policy," said Tony Crescenzi, chief bond market strategist at Miller, Tabak, Hirsch. "Since Rubin took over as Treasury Secretary he implemented a policy wherein only the Treasury Secretary, and the Treasury Department specifically, would dictate or spell out dollar policy. That clarity has helped the dollar enormously during his reign."