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To: Lucretius who wrote (21223)5/3/1998 4:10:00 PM
From: William E Hodal  Read Replies (1) | Respond to of 95453
 
Perhaps this is better for your current mindset.

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America's bubble economy

The popular explanation within America is that it has entered a new economic era of faster, inflation-free growth, and hence stronger profits, thanks to new technology and globalisation. We beg to differ: america is experiencing a serious asset-price bubble.

economist.com

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America bubbles over

The American economy is showing dangerous signs of excess. A wave of financial mergers is only the latest evidence

economist.com

But one thing is sure: the longer America's party is allowed to continue, the worse the eventual hangover will be.
______________________________________________________________________

Bill



To: Lucretius who wrote (21223)5/3/1998 5:11:00 PM
From: edward miller  Read Replies (1) | Respond to of 95453
 
Lucretius, I found your message very well stated (the lists), but
I have to disagree with you about Japan. I am concerned that Asian
problems, including Japan, will be the trigger for the US market.

I see nothing good coming from Japan. If the Nikkei drops below
14,800 it will crack and people will realize we are entering a
world wide downturn. Asian economies are essentially broke IMHO.

Good luck!!

Ed Miller