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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Frodo Baxter who wrote (451)	8/21/1998 12:58:00 PM
From: Mike McFarland	Respond to of 3536

If it looks like the root of the problem is government, well, that's because it is. Some governments seem to be run particularly badly. I have to say, I was really taken aback by all the reaction I got over on the Asia thread--after I bought some SOA and EWM. I dumped those and will have to reconsider. I've been watching these overseas markets decline for well over a year now, am surprised that just keep sagging, and that the currency problems just roll from continent to continent.

To: Frodo Baxter who wrote (451)	8/21/1998 1:57:00 PM
From: X Y Zebra	Respond to of 3536

Expressed as a % of GDP, the US debt is the lowest of the first world. Also, personally, I prefer to look at total debt rather than just government debt. For the US, that's currently around $15.6 trillion. And then, what is such debt been employed for, productive enterprise, valid projects, together with what is the likelihood of repayment, or on the other hand, mere debt restructuring or social programs, or senseless (or fraudulent) dreams. Applicable to the US and foreign economies. As crazy as it may seem, I believe that the US is becoming a great fortress of safety and productivity, (even more than before), yes there are risks domestic and from abroad, but if I see the other countries, the more I do the more I think the above. If I am wrong, and a great crash is around the corner.... well then, I will see you in the soup kitchen of the local mission. Enjoy your lunch, (as I will too) !