New US Economy Policy Message Board

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Strategies & Market Trends : New US Economy Policy

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To: Arthur Tang who wrote (119)	2/26/1998 10:47:00 AM
From: Arthur Tang	Read Replies (1) of 435

The new economy and the world economy revisited. US economy is targeted for $10 trillion this year. Our government has benefited with a small surplus of $20-30 billion ending September, 1997. This year we may project further improvement to $50-100 billion surplus. Military spending would be about even; although Gulf exercise will cost us $750 million more. Social security and medicare which gave us the $20 billion surplus last year, will be about the same. Hopefully the cost of financing the past deficit $160 billion for last year; will give us the improvements in surplus this year. On the tax collection side, the better economy will pick up a few billion dollars more from equity appreciation and real estate income appreciation. How does that translate to world economy? Italy has reduced their deficit from 10% to 3% of their GDP. More export to America and other EU countries who export to America, does the trick. Far east countries who watched their exports over their imports; all are solidly growing. Asian Flu is just a journalist's frenzy, is proven by S.Korea's announcement, today, that they will have a $3 billion trade surplus expected in February, 1998. Why should Thailand and Indonesia be any different? Watch the exports and encourage it! All the world stock markets are invested by American mutual funds. When we want our 401k money back; the world market suffers. Young mutual fund managers who do not have a world view of finance dependency, should be taught. World markets are not fluid; and keep their money at home. The gamble is both foreign economy and foreign currency exchange rates.

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