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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (5745)	8/21/1998 1:07:00 PM
From: Bosco	Read Replies (2) \| Respond to of 9980

<offtopic> Dear Zeev, regarding budget, how do you like to see to make it go from surplus to balance, i.e., spending or tax cut? Right now, with so much noise about the presidency, it seems to be a standoff between the elephant and the donkey well into y2k [well, it has been the case for the past few years, but I suppose the bias has changed side,] one has to wonder if either spending or tax cut [with substantive proportion] will be enact before such time. best, Bosco

To: Zeev Hed who wrote (5745)	8/21/1998 1:32:00 PM
From: Joseph Beltran	Read Replies (3) \| Respond to of 9980

Zeev, With the stock market (and world economy) in this shape I think the bureaucrats can pretty much throw out their forecast of a trillion dollar surplus in the next ten years. Projected taxes from capital gains must have been reduced dramatically over the past 2 months. I think Greenspan has to concede now that the threat of a recession is much larger than the threat of inflation. We are in a deflationary spiral here and the only cure that I'm aware of is to print and print more money. That goes for the u.s. as well as all of asia. The IMF should immediately relax the deficit constraints in s.k. and get money into circulation. even more important for japan to do so.