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Pastimes : How to best deal with KOOKS at this web site
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To: Gottfried who wrote (1086)8/8/1997 1:39:00 PM
From: Teri Skogerboe   of 1894
 
GM and All,

Thanks for that article.

<<A little light number-crunching

To justify the present mighty run, bulls point out that
America's economy is in better shape than ever: low
inflation, low interest rates, booming growth after
6 1/2 years of expansion and so forth. The trouble
with all this is that the value of shares today has
nothing to do with the past. Their value represents
the market's guess of how much profit American
firms will generate in the future.>>

And about America's economy being in better shape than ever, if Greenspan can refrain from raising rates, and we really can grow our way out of the huge deficit, he would go down in history as the smartest or luckiest guy that ever lived...maybe...just thinking out loud. This is what I've heard lately, that tax revenues are up so much that we are shrinking the deficit more than anyone expected. Any thoughts about this?

Teri
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