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To: Bucky Katt who wrote (5320)1/6/1998 3:01:00 PM
From: PaulM  Respond to of 116762
 
WJ - doesn't seem to occur to anyone that the small fiscal 1998 deficit is the result of a relatively strong economy and three straight 20% plus years in the stock market. What will the effect be if instead of MORE revenue the govt has instead to pony up for capital losses?

Even official estimates for next year predict GDP slowing down by 1% to 1 1/2 %. None of this is factored into the 1999 "surplus" that nobody seems to have the slighest doubt about.




To: Bucky Katt who wrote (5320)1/6/1998 3:29:00 PM
From: Alex  Read Replies (1) | Respond to of 116762
 
Hi William. Deflation unlikely?????????????

biz.yahoo.com



To: Bucky Katt who wrote (5320)1/6/1998 8:53:00 PM
From: PaulM  Read Replies (2) | Respond to of 116762
 
WJ any idea how the "less than $27 bill" figure for fiscal 1998 squares with the numbers provided by the treasury in the cite you referenced. I follow these as well and therefore don't undrstand why a surplus is expected.


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