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

To: James Strauss who wrote (19954)	9/4/1998 4:45:00 PM
From: IQBAL LATIF	Respond to of 50167

Export part of GDP is 26%-- I would think we may see some slow down in GDP but the numbers today according to my gurus in dismal sciences show stronger growth of GDP than 1.6 % second quarter growth, US domestic market is vatican of the world economies, my countries currency is $, outside the Central Bank of Iran in Teheran as I escaped from Kuwait in 1990 I saw the sloganeers chanting 'Murg bey America'but trading and talking $'s-- the importance of US within global economy is not dependent on conduct of few lunatics in Russian parliament or some hedge funds running betwen pillars and post to find returns of 50%- those days are coming to an end... US economy can withstand all this and much more--- Citicorp was 185 four weeks ago it is 90 today-- all the hype is evaporated in no time but domestic business of CC alone throws out enough earnings to support this price levels..so it is again a point of view I just don't see that slow down when I will see it I will say it but not until I am convinced by the macro economic numbers- BundesBanks Chairman Tithmeyer one of the most admired central bankers after Uncle AG was talking today I listened to him and he clearly refused to cut the rates on expectations of a major slow down he said no he dosen't expect that and by the way unemployment in France and Germany is twice the size of US- if any one needs a cut they need it most but they would not the fear is inflation-- or growth ..