Aware, Inc. - Hot or cold IPO? Message Board

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Technology Stocks : Aware, Inc. - Hot or cold IPO?

AWRE 1.920

+2.7%

11:55 AM EST

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To: TREND1 who wrote (5561)	2/7/1999 1:46:00 AM
From: Tim McCormick	Read Replies (2) of 9236

Rates are going up for a number of reasons. 1. The economy is strong-unemployment is low. This scares people even if there is no inflation. The U.S. consumer refuses to slow down, savings rates are negative for the last three months-the first time this has ever happened. Consumers are spending the capital gain wealth effect, spending exceeds income-if stocks pause, spending slows. 2. The dollar is weakening. As Japan and China recapitalize their overleveraged systems, they repatriate dollars-they are huge holders of Treasury paper. Japan's financial institutions need to dress up their balance sheets for March, 1 fiscal YE. The advent of the Euro could threaten the dollars status as a world reserve currency. A weaker dollar could take us to 4% inflation quickly. 3. The U.S. Fed is losing credibility, especially with foreigners. When Fed policy concentrates more on systemic risk than purchasing power parity, the confidence factor so important to fiat money is damaged. Tim

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