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Politics : Ask Michael Burke

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To: valueminded who wrote (49979)	3/5/1999 4:24:00 PM
From: RealMuLan	Read Replies (3) of 132070

<<Our dollar is highly valued in world economy,>> It is changing. Give it another few months. <<our wage inflation was low>> Because more and more companies pay their employees with stock options. <<unemployment is stable and low>> Too many people trading on-line and stop looking for a job. <<275k new jobs added last month>> They are low-paying service jobs. You should look at how many manufacturing jobs have been lost. Bottom line is: this economy is credit-supported, and it will end with a bad bad ression, although I don't know when. BTW, CNBS today reported that Jan. consumer credit was (? I forgot the figure) the highest since 1995 (month?).

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