Brother can you spare a dime?

[MScoleman at aol.com]

Dear Tom, I saw the spin masters on bloomberg news today and they are saying
the weakness in the south american markets are greatly over exagerated.  As
usual, this means absolutelyfuckinnothing in real terms.  As to shipping,
haven't got a clue.
maggie coleman mscoleman at aol.co,

In a message dated 98-08-24 11:03:30 EDT, you write:

<< Dear Maggie,

 

 There was a report on NPR that empty cargo containers were piling up in  west

 coast ports---because there was no cargo being shipped in the other
direction.

 Can any of the LBOers confirm this report.

 

 Sincerely,

 Tom

 

 MScoleman at aol.com wrote:

 

 > Today, the rumors began that several south American countries (Brazil,
etc.)

 > were going to have to devalue their currencies.  The stocks of citibank,

 > chase, and jp morgan plummeted at the news, sending the dow into an almost
300

 > point dive, from which it recovered somewhat at the end of the day.
However,

 > the thought that south america might default on loans to the usa is truly

 > serious.  if a few banks like citibank and chase fail, it will make the S &
L

 > bailout look like a walk in the park -- this really could destroy US
banking

 > and probably would, imho, lead to a depression.

 >

 > maggie coleman mscoleman at aol.com