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Strategies & Market Trends : New US Economy Policy
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To: Arthur Tang who wrote (101)1/10/1998 3:11:00 PM
From: Arthur Tang  Read Replies (1) of 435
 
The new economy predictions and planning this year?

The housing sector will increase another 10%, aided by low mortgage rate. Target of mortgage rate is 6.5% for 30 year fixed mortgage. The financial services sector will again gain efficiencies in document management through new software. Better transection rates and fewer people to manage them. Earnings will continue to improve. Travel related business will continue to outperform.

Technology is slow in the first quarter due to technical yield problem, which will be over by the second half of this year. Cost will continue to come down, due to productivity improvements. Strong mass distribution in the US, shows the economy is continuing to grow. Retail sales is helped by job growth. Jobs are not only created but is also migrated from low wages to higher wages based on higher skills.

Social security and welfare receipients are being weaned to good paying jobs, maintaining a lower than usual unemployment ratio. Depite fear of shortages of labor, unemployment of 4.7% is comfortably maintained. Wage increases, which we should be proud of, is absorbed by productivity with plenty to spare. Evidence of earnings improvement based on computer automation have resolve the produtivity issue.

As the new economy goes into equalibrium, selfsufficiency defeats the ills of an economy dependant on foreign cheap labor. More US made products will go into domestic retail distribution, once we have knowledge of goods that are sellable. Auto's will continue to be promoted and gain market shares against foreign imports.
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