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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: geewiz who wrote (926)	1/15/1998 12:19:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 9980

Art: I think we will not see the bulk of payments to the government on capital gains until April (at least for the tax year ending Dec 1997). If indeed a lot of capital gains were cahsed out, than, this year deficit may look even better than last. I think that the shortage in securities is less tied to being a reserve currency than to the fact that the increase in national debt was smaller than the interest paid out on the national debt. This created a shrotfall in treasuries supply of at least $120 B when considering that no new money would have come into treasuries. Zeev