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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who wrote (1980)7/21/1999 11:25:00 AM
From: Paul Berliner  Read Replies (2) of 3536
 
He also argues that the 7.9% annualized GDP growth rate in the most recent Q was not surprising because of the public works spending. I beg to differ. There have been numerous stimulatory spending programs over the last few years and none have yielded this type of figure. I will argue against him the the next GDP report will be a positive one, not a negative one as he presumes. The strength in the Nikkei, the disposal if crossholdings and the stable yen will all lead to increased spending by Japanese firms and growth will continue. I cannot fathom a negative GDP figure in the next report.
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