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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: OldAIMGuy who wrote (5416)8/25/1998 2:02:00 PM
From: Bruce A. Bowman  Read Replies (1) | Respond to of 18928
 
Hi Tom- There's some real gloom and doom from economists predicting global economic meltdown. They're projecting Latin America is next. Personally, I think these things have a way of circulating westward around the globe. On that basis, next comes eastern Europe, then western Europe & Africa, then Latin America and the US. Of course I have to ignore the current crisis with the Canadian $, but I'm good at that sort of selective thinking! :-)

In any case, my inclination is that this is the stuff economies are made of and the cyclic excursions go with the turf. Even without media hype to "warn" me about it I expect to get beat up now and then... some occasions worse than others.

Bruce



To: OldAIMGuy who wrote (5416)8/25/1998 4:56:00 PM
From: Bernie Goldberg  Read Replies (1) | Respond to of 18928
 
Hi Tom,
When I bought my bond fund I looked into GSF and decided against it only because it was selling at a slight premium. RCS has the same situation as GSF but is selling at a discount to the NAV. Right now it is paying a little over 11%. The amount of Russia is very slight and I am sure the overall effect will be negligible.
Bernie