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To: goldsnow who wrote (4533)	12/20/1997 3:00:00 PM
From: PaulM	Respond to of 116752

Goldsnow, lately I've been reading headlines like, "America: the New Tiger" and "America: World's New Engine of Economic Growth." Give me a break. Asia is experiencing what we experienced in the 1920's, when America really was the world's engine of economic growth. When youv'e got that sort of explosive growth, and financial assets only go up, the process feeds on itself, and asset valuations get out of a hand.. But, with 7%, 8% and somtimes even double digit GDB growth, at least a rational argument can be made that the Japanese and Asian Tiger stock markets should trade at a premium (though not the current premium). In the U.S. if the economy grows 3.5% it's in danger of "overheating." It will be intersting to hear analysts try to juice a low-dividend, high PE, low earnings growth equity market.

To: goldsnow who wrote (4533)	12/20/1997 3:37:00 PM
From: goldsnow	Read Replies (3) \| Respond to of 116752

More from IMF-I think an thinly vailed attempt to say O'key we are slowing- but no, no. not recession c The Associated Press By The Associated Press Economic growth forecasts for country groupings and selected countries from the International Monetary Fund's revised ''World Economic Outlook.'' The first figure is the IMF's projection for economic growth in 1997, the second the IMF forecast for 1998, the third the percentage-point change in the 1998 figure from an October forecast: World output: 4.1 percent, 3.5 percent, -0.8 percentage point Industrial nations: 2.8 percent, 2.3 percent, -0.2 percentage point Developing nations: 5.9 percent, 4.9 percent, -1.3 percentage point Africa: 3.4 percent, 4.7 percent, -0.3 percentage point Asia: 6.8 percent, 5.7 percent, -1.7 percentage point Middle East, Europe: 4.1 percent, 3.6 percent, -0.6 percentage point Central, Eastern Europe: 2.4 percent, 3.4 percent, -0.2 percentage point Western Hemisphere: 5.2 percent, 3.5 percent, -0.9 percentage point United States: 3.8 percent, 2.4 percent, -0.2 percentage point Japan: 1.0 percent, 1.1 percent, -1.0 percentage point Germany: 2.3 percent, 2.6 percent, -0.2 percentage point France: 2.3 percent, 2.7 percent, -0.1 percentage point Italy: 1.3 percent, 2.3 percent, +0.2 percentage point Britain: 3.5 percent, 2.4 percent, -0.2 percentage point Canada: 3.7 percent, 3.2 percent, -0.3 percentage point Thailand: 0.6 percent, 0.0 percent, -3.5 percentage points Indonesia: 5.0 percent, 2.0 percent, -4.2 percentage points Malaysia: 4.3 percent, 3.8 percent, -1.2 percentage points Philippines: 4.3 percent, 3.8 percent, -1.2 percentage points Hong Kong: 5.3 percent, 4.1 percent, -0.9 percentage point South Korea: 6.0 percent, 2.5 percent, -3.5 percentage points China: 8.8 percent, 7.5 percent, -1.5 percentage point AP-NY-12-20-97 1332EST

To: goldsnow who wrote (4533)	12/20/1997 4:46:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 116752

GS-- Toyota and Nissan were both saved from bk in the early '50's by selling vehicles to (gasp) the US military for war in Korea!! Actually, the war bailed out Japan in general. Interesting how things work. And hey, why would any "global" company like Kodak keep high paid workers when you can get a commie coolie to work virtually for free? Now Goldsnow, think about this-- Hillary Clinton was the first women director on the WalMart board. WalMart is one of the biggest buyers and sellers of Chinese made goods. The Clinton administration has been very pro China. A tie-in? Is it any wonder fast track died? The Senate knows what is going on here, but it looks like it's a little late in the game to help the US worker. So, if Americans are all employed, but flipping burgers, who will sustain the buying? Even WalMart knows something, witness them buying big (store chains) in Germany this week.