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Strategies & Market Trends : Australian Shares and ADRs -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (65)	7/28/1998 9:05:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 96

David ; Thanks, at least it makes some sense to me now it was like a piece in the puzzle box that can't fit anywhere. <G> Can I ask , with the AUD down like it is since July , how has it effected the overall situation, like are interest rates much change, employment , has inflation resulted , ? I look at Japan and keep hearing all this bad stuff our news media puts out, but what I see when see clips go to Japan is that they don't seemed worried, the employment seems to be doing good, and every thing is moving. I'll change for a bit. It's not like when our market falters, man panic sets in , and jobs dry up, & people lose their homes, just all sorts of ills. Japan just seem to keep perking, so I wonder about this really bad news we get over here about Japan and if the news media really knows what they are talking about. On top of that What bothers me is our National debt, it looms over us like a huge monster and is climbing very fast yet very little is said about it, they are all tripping over themselves in Washington about a budget surplus. The budget of course always includes being able to raise the National Debt, but now the rate of increase is supposed to be capped ( just the rate mind you ) and that's called a ceiling. Any way we can have this budget surplus and still have an increasing debt. Our budget thing is an art of self deception & I can't understand how so many people don't seem to see it. :-( I use to own some FAX a Australian ADR , but I sold it as I can't see how they can keep the dividend going at it's present rate if the AUD$ don't turn around. The dollar is high , the market is high, we got good employment but a lot of people seem scared over here. And CNBC has had a parade of bears on as guest for the last week. Jim