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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (19365)	7/4/1999 12:45:00 PM
From: TimbaBear	Read Replies (1) \| Respond to of 99985

OT Do you see any plans by EITHER party that addresses the elimination of the 5 trillion in debt? The Republicans, who came into majority on a platform of fiscal conservatism, seem to have forgotten that platform in favor of pork troughs and so-called tax cuts....biggest tax cut either party could give to the American people would be the paying off of the National Debt....just don't think politicians of either party will do it unless coerced somehow.

To: HairBall who wrote (19365)	7/5/1999 5:59:00 PM
From: Haim R. Branisteanu	Respond to of 99985

LG, from the CIA site regarding the US GDP odci.gov GDP: purchasing power parity—$8.083 trillion (1997 est.) GDP—real growth rate: 3.8% (1997) GDP—per capita: purchasing power parity—$30,200 (1997 est.) GDP—composition by sector: agriculture: 2% industry: 23% services: 75% (1997 est.) Inflation rate—consumer price index: 2% (1997) Assuming a 10% GDP growth present GDP is 9 Trillion, the stock market cap is around $13 trillion, that is a nice conservative $4 trillion above the GDP or market cap of 145% of GDP. Oh well 1929 excess was another era with only 115% to 120% of GDP in market cap Now even if we correct to the FED model (45% lower) the market cap will still be around the 90% of GDP or 8.5 trill, which by any standart is relatively quite high. BWDIK Haim