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Pastimes : Ask Mohan about the Market

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To: posthumousone who wrote (14690)3/8/1998 1:31:00 PM
From: Dug  Read Replies (1) of 18056
 
Gary, I see Joan & Zeev gave great responses to your post.

<wouldn't the US want to "assist" in propping up there market? if Japan gets in trouble than they sell US treasuries and in turn we have to raise interest rates, right?>

Historically, the fed has raised interest rates in increments of three. It's been about a year since the last one. Had the Asia crisis not happened @ least one more hike would be upon us. AG has admitted to just now beginning to understand the global economy & I'm of the opinion that they don't know what to do this early into such a quick changing world. Don't make a decision until you have to may apply here. <g> The fed can always make the next hike .50 rather than .25. Question is what does a .50 hike do to our booming real estate market. I think everyone knows the answer to that.

<Is the pres saying we have the yearly deficit under control (i think thats what he means) or the national debt? i wonder how many people no the difference, or care>

(a little off topic.....thats why i think its important to have leaders with strong character.........pleasure now pain later?)

One thing is for sure. The press certainly adds to the confusion of what the president thinks he means. All this talk about the deficit & bam the problem is fixed. Was/is there a deficit problem? Things sure turned around in a hurry. If I have to watch Bill take credit for this one more time I may just stick my head in the sand. Things like this lead me to question the current rate of inflation. Is inflation really @ the low that is reported? Not in my opinion & it will begin to show up shortly after Bill is out of office.

<doesnt japan in a way have us hostage? at anytime they can dump our bonds and send our markets into havoc.....we may not be engaged in a real war but they can play with us if they really want to....maybe they are waiting for the right moment to drop a bombshell on us......wait till everyone in america has 2-3 mutual funds and .......jsut random thoughts as i try to figure the world out : )>

When the Asian crisis first began one of AG's biggest concerns was the question of whether Japan would play fair or not. In my mind this isn't even a question.

I agree w/ Zeev in that short term this market scares me. I don't see a 9000 Dow this year! Imagine (3) 500 point days from 8700. That would put us 600 points below what Ill call a 7800 bottom. Sometime in June? Help me out here Zeev, since this is where I thought we would have started to turn around.

Sorry for the rambling but while Im @ it :}!!! One that has been bothering me for sometime now is that for the first time in history the federal government has more employees than the manufacturing sector less military personal. I can't remember when or where I read this but if it's true the numbers don't & won't add up. Someone correct me if I'm wrong but wasn't this during Bill's term or am I just making up facts.

One for the earnings subject. Please forgive me if this has been posted.

Message 3618575

As Ronald R would say, "well" gotta run Nascar is on, had too much coffee, & its time to switch to beer. <g> Government needs those sin taxes ya know.

Again sorry for babbling, & have a great week,

Dug
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