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To: Hawkmoon who wrote (37491)	7/22/1999 5:56:00 AM
From: Bobby Yellin	Respond to of 116770

this is what I said about year2k also Also when I hear year2k problems, I think opposite..that most big corporations have invested big time in new systems and programming consultants and have spent to help fuel this economy..now that most of big corporations have spent the money, won't that added spending be missing in down the road economic reports..so year2k has helped boost gnp.. I haven't seen the latest figures on how many US treasuries Japan still owns and I have read that non Americans are still underinvested in this country..I have read the average Japanese citizen isn't invested here and a lot of non americans feel our bubble is a bubble and they are afraid of decline in dollar down the road which would cause them further bubbles.. re airplanes etc..who really cares except investors and airplane corps.. I don't think that helps the average american have a rise in salary...you did hear that report that a lot of americans who make 45,000 in household income can't make ends meet.. re oil-that article said it only made up two percent of trade deficit.. as some of us have repeatedly said the year2k has helped the gnp with people stocking up on "necessities" The trade deficit is serious unless it is true that a lot of it is the result of US corporations buying cheap goods out there and selling them for a nice profit here.. then it takes on a different hue although it is still bad for a lot of US citizens who can't get good raises since the corporations are using foreign workstaffs