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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

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To: Richard Mazzarella who wrote (325)	3/14/1999 11:16:00 PM
From: Larry S.	Read Replies (2) of 972

Richard, et al, I forgot to mention in my last post that Epstein have another great article on the surplus that isn't in this week's Barron's. This one is entitled "Fiscal Follies" and points out how Clinton's budget result in a higher rate of increase in the National Debt. He distinguishes the privately held portion from the total, the difference being about 1.8 trillion held in federal accounts including civil service, retirement, Medicare and SS. These accounts consist of IOU's issued by our Government. Epstein says the increase in the National Debt was 110 billion in 98. In the last paragraph, he acknowledges that some private analysts are now anticipating that the strong economy and bull market could result in a real surplus by the end of the fiscal year (September 99). Perhaps he also believes in the tooth fairy. It appears that his previous article and others has had some impact as proposed tax cuts are now for the future. Perhaps this article might reduce interest of both Parties in increasing spending. Cheers, Larry

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