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Technology Stocks : LSI Corporation
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To: E. Graphs who wrote (16431)1/16/1999 2:54:00 PM
From: Jock Hutchinson  Read Replies (3) of 25814
 
Lady E: I was truly impressed with AJC's speech, and there were a few statements that really impressed me. They were:

1) Currency fluctuations hurt the US economy by 75 percent less than comparable currency fluctuations hurt Japan's economy. This is because the US exports (The largest exporter in the world) are value added exports that are somewhat unaffected by currency swings as opposed to Japan's exports which are much more commodity-like in nature. Sort of like ASIC vs. DRAM.

2) The US economy has produced a net 15 million gain in jobs over the past six years as opposed to Euroland, which has lost 1 million net jobs. Of the 15 million jobs gained, more than two thirds are paying above the median income.

3) Because of "tough love" accounting practices, capital in the US is deployed into projects that will sustain strong internal growth. By contrast, Japan has sloppy accounting practices, which have fostered poor investments that have not generated sustainable internal growth. (I suppose that this is the price for dealing with the Japanese Mafia, which has far greater control over legitimate business in Japan than the US Mafia has over similar businesses in the US.)

4) The fact that the US is no longer running a deficit augers well for the long-term future and sustainable growth of the stock market.

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