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Strategies & Market Trends : Asia Forum
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To: Zeev Hed who wrote (5745)8/21/1998 1:32:00 PM
From: Joseph Beltran  Read Replies (3) of 9980
 
Zeev,

With the stock market (and world economy) in this shape I think the bureaucrats can pretty much throw out their forecast of a trillion dollar surplus in the next ten years. Projected taxes from capital gains must have been reduced dramatically over the past 2 months. I think Greenspan has to concede now that the threat of a recession is much larger than the threat of inflation. We are in a deflationary spiral here and the only cure that I'm aware of is to print and print more money. That goes for the u.s. as well as all of asia. The IMF should immediately relax the deficit constraints in s.k. and get money into circulation. even more important for japan to do so.
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