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

To: Joseph G. who wrote (31543)	8/26/1998 7:58:00 AM
From: geewiz	Read Replies (3) \| Respond to of 132070

Joe, I don't understand why everyone on this thread is so bearish, the economy is just entering a new golden era, I got it from current business week; For private use: The 21st Century Economy could see similar income gains, if the latest innovative wave can boost long-term growth to 3%, rather than the 2.3% that most forecasters predict. Even over a period as short as the next ten years, faster growth dramatically changes the economic and financial landscape. Rather than remaining almost flat through 2008, real wages would actually rise by 9%, according to projections prepared for BUSINESS WEEK by Standard & Poor's DRI. Corporations and investors would prosper as well in this scenario. In the 21st Century Economy, corporate earnings, adjusted for inflation, would rise by 54% over the next ten years, compared with 25% in the slow-growth case. Combined with 30-year interest rates below 4%, that's spectacular news for the stock market. Copywrite Business Week August 98 VBG!! best, art