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Pastimes : Ask Mohan about the Market

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To: tekgk who wrote (10355)12/6/1997 1:32:00 PM
From: Zeev Hed  Read Replies (3) of 18056
 
tek: While I agree with most of the problems you cite, and I abhore all form of "superiority complex" as much as you do, it would help to counterpoint that with some positives:

1. The lowest unemployment rate in 24 years.
2. A new peak in national disposable income.
3. The lowest mortgage rates since I bought my first home in 1968.
4. A first break under 6% in the long bond in a long time (Some help, since when?)

5. A flexible industrial complex moving away from brawn industries to brain industries.

6. The most efficient agricultural complex in the world.

7. The smallest budget deficit in at least 20 years.

8. Air quality which is better than 20 years ago.

9. A peak in exports (unfortunately well matched by a rabid appetite of foreign goods, thus still a trade ballance deficit, I was hoping to see this decline and swing the other way by the end of the cntury, but I know I will be disapointed there).

10. A very smart financial move of buying cheaply essential commodities (including oil) and selling dearly paper (the green stuff and the variety of stock certificates).

Zeev
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