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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (28327)	5/20/1998 12:53:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 132070

Mike, it is amazing to see that this hasn't hit the US jobs yet. The U.S. trade gap expanded 7% in March, led by a widening deficit with Pacific Rim countries. Although economists have been expecting Asia's economic upheaval to widen the trade gap in coming months, the deficit exceeded expectations. Which comes first: heavy job losses or a severe market decline. I think the latter. BTW, when people lose jobs en-masse, they would rather have their money in MMFs rather than MFs. I think very soon the virtuous circle of more money in-flows - higher stock prices - more and more money in-flows will soon become a vicious circle of outflows. For my job sake, I hope not. But looks like we are headed that way. -MMV