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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2680)	8/18/2000 4:33:19 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 33421

Hi John: Below is a table indicating the tax freedom day, the calendar day where the workers stop working to pay taxes and can keep the rest of income The taxes are inclusive of income, payroll, property (not sure if sales tax are included) A couple of interesting points. You can see the initial drop during the Regan years but he started and ended @ 112. Over the Clinton term people now work 13 more days just to pay taxes. This shows the extra bite by the FED and the states. This will add to the problem when the economy turns. Governments always have it backwards. They set up spending programs in good times that are difficult to cut in bad times. The spending programs will stay in place even as revenues drop. So add this into your thought process if we have a recession. This can make it worse as states have to borrow to fund the deficits. Tax Year Freedom Day 1 1972 2 1973 3 1974 4 1975 5 1976 6 1977 7 1978 8 1979 9 1980 112 10 1981 115 11 1982 112 12 1983 109 13 1984 108 14 1985 109 15 1986 110 16 1987 114 17 1988 112 18 1989 113 19 1990 112 20 1991 112 21 1992 111 22 1993 113 23 1994 114 24 1995 115 25 1996 117 26 1997 119 27 1998 121 28 1999 123 29 2000 124

To: John Pitera who wrote (2680)	8/21/2000 5:33:15 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 33421

<<Trade deficit rises to $30.6 bln from a downwardly revised $30.3 bln in May. While the net figure is a new record size the deficit is smaller than the government assumed in GDP and the downward May adjustment will combine to add a good bit to the 5.2% GDP growth first reported for the 2nd quarter. Exports surged 4.6% and imports jumped 3.7% -- both to new record levels.<< I would have to construe this data as bullish for the U.S. Dollar Index and, inversely, bearish for all foreign currencies across the board, including the Gold market that is traded in U.S. Dollars..... GZ