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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (19792)	9/1/1998 5:02:00 PM
From: Jerry Olson	Respond to of 50167

Yes I remember... June & Dec updates...makes sense... do you get together with your accountant to prepare strategy for the year end???? Sheesh, your trading sheets must be WILD!!!!!!! ha! bet he charges you big bucks...:>}

To: IQBAL LATIF who wrote (19792)	9/1/1998 5:44:00 PM
From: IQBAL LATIF	Respond to of 50167

On impact of world on US-- Lot has been talked about on impact of world on US-- I will like to make following comparisons on how little does the world outside OECD matters to the global GDP--- 1800- World GDP 229,000,000 56% rich and 44% poor. 1950-World GDP 2,750,000,000,000- 83% wealth concentrated in rich countries and 17% in poor. 1998- World GDP 21,500,000,000,000- 80% concentrated in rich countries and 20% in poor. Their was 10 times jump in GDP from 1800 to 1950- i.e. in 150 years GDP increased by 10 times but concentration of wealth increased in rich countries only-- In next fifity years global GDP jumped by 10 times nearly same proportion as in 150 years but /annum increase was phenomenol, 80%Global wealth is all concentrated in rich countiries and US has the majot share amongst the OECD countries, it is fashionable to see every night global indexes but they are very misleading most of them have caps less than a miniscule index on Wall Street- their corresponding impact is also negligible, watching impact of these indexes is like watching impact of poorest nations on Wall Street they anyway always are in recession... Result is that in mu opinion the impact is far exagerrated in its scope and its affect on WS..fwiw..