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Strategies & Market Trends : Asia Forum
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To: Lee Lichterman III who wrote (6633)9/23/1998 9:48:00 PM
From: Ramsey Su  Read Replies (1) of 9980
 
Lee,

there are as many reasons for not lowering rates than there are for. One being that a weaker dollar is certainly not desirable right now, even though conventional wisdom suggests that is the way to reduce our trade deficit.

My main concern is the US economy remains relatively sound but cannot remain the oasis for long. It is important to keep the flagship in place and going strong. If you heard Greenspan's speech and the Q&A, you would have heard Phil Graham's question about the $20 billion expenditure which may push over the budget surplus cap. Greenspan has to know that this "surplus" is no longer reality. With corporate earnings growth dropping from almost 20% at the beginning of the year to negative this qtr, does he not know that tax revenue is not remotely close to estimates?

His grandstanding style got to go. Start putting some action behind those words.

Ramsey
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