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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (56479)	8/19/1999 7:32:00 AM
From: kendall harmon	Read Replies (2) \| Respond to of 120523

Worrying about Higher interest rates Important article from today's LA TIMES The U.S. economy, which has boomed in a world of financial woe, now faces the oddest of challenges: An accelerating pace of recovery overseas is altering the outlook at home, posing a new series of dangers, including higher inflation, rising interest rates and a weaker stock market. For now, most forecasters believe the pressures will not flare out of control. But the dawning view that Europe, Asia and South America are resuming paths of growth reflects a sweeping change in the global outlook, and the apparent fading of forces that worked dramatically to the U.S.' advantage in 1998 and early 1999. "Every passing day suggests the United States is still going strong, and the rest of the world is picking up," said Nariman Behravesh, chief international economist at Standard & Poor's DRI in Lexington, Mass. "This is what we're worrying about." Full text latimes.com