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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (17633)	3/12/1998 2:45:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Eugene, here's one danger that should also be factored into long term plans... nytimes.com GM :) I couldn't resist

To: 16yearcycle who wrote (17633)	3/17/1998 6:58:00 PM
From: Tom Kearney	Read Replies (2) \| Respond to of 70976

Eugene, Today's Washington Post talks about projected Federal Government surplus of $1.1 trillion over next 10 years!! Unless Congress spends it all (certainly well within the realm of possibility) this would have a tremendous downward pressure on interest rates - to what? is %3 10 year treasury bill possible? Using the so called Greenspan stock valuation model, as I understand it, this would allow a fairly valued market to have a P.E. of about 33. Of course, when rates turn around, look out. But, we should all be living in castles on the coast Ireland well before that! Regards, TK