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Strategies & Market Trends : New US Economy Policy -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (233)	6/30/2000 8:34:14 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 435

Addressing some concerns on Wall street? Corporate profits are derived from reducing head count by ASPs with thin clients' roll out. Released man power will drive rolling economy in other sectors of new economy. Prices will erode slightly, due to better planning of supply vs. demand. Inflation can not happen, except where deflation overplayed its hand. Crude oil prices had to be revived to encourage more exploration. But future usage will decline based on recent development of dilution by alcohol and water for gasoline formula; increasing use of efficient MTBE. Import of crude has been reduced to 30% or less for domestic consumption. Continued exploration in the US is needed to have 100% selfsufficincy. Higher standard of living in the US will continue. GDP growth will continue. Interest rate will seek its own level. FEDS are caught on the back of tiger and difficult to escape eaten by the tiger, when they want to get down. They have to save their member banks from severe losses due to overnight discount rate being too high. Banks with large overnight discount loans will continue to sell treasury debt and buy equity for investments, thus reducing the national debt for the future of our children. In view of this, planning of the new economy is correct. The new economy will continue to have a favorable outcome in the years to come. End of message.