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To: jim kelley who wrote (21370)11/13/1997 4:26:00 PM
From: Paul van Wijk  Read Replies (2) | Respond to of 176387
 
Jim,

>> The origin of the problems appears to be rooted in the
>> South East Asian markets, Brazil is not helping matters.
>> Iraq is just adding to the general neurotic behavior.

The problems you mention will be shortterm, in a few weeks or
months they will be forgotten. I also think that the possible
negative impact on the earnings is already in the stock-price.
And it is more based on fears and uncertainty than on facts.

What really scares me is the unemploment-rate of 4,7%. Not
because I'm afraid of inflation, but with this unemploy-
ment there is very little room to grow simply because there
are no unemployed left. And I cannot see how the economy
will grow further if there are no people for the new created
jobs.

So I would like to ask all of you Americans, go to bed and
do your duty. Maybe Al Greenspan will soon use the number of
sold condoms as a new indicator to monitor the economy.

Paul