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

To: Lee Lichterman III who wrote (6633)	9/23/1998 9:38:00 PM
From: Robert H.	Respond to of 9980

Right you are. ...Let the bull chips fall where they may. We continue to try to fix the excesses of plain and simple greed. The world will not come to an end.

To: Lee Lichterman III who wrote (6633)	9/23/1998 9:48:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 9980

Lee, there are as many reasons for not lowering rates than there are for. One being that a weaker dollar is certainly not desirable right now, even though conventional wisdom suggests that is the way to reduce our trade deficit. My main concern is the US economy remains relatively sound but cannot remain the oasis for long. It is important to keep the flagship in place and going strong. If you heard Greenspan's speech and the Q&A, you would have heard Phil Graham's question about the $20 billion expenditure which may push over the budget surplus cap. Greenspan has to know that this "surplus" is no longer reality. With corporate earnings growth dropping from almost 20% at the beginning of the year to negative this qtr, does he not know that tax revenue is not remotely close to estimates? His grandstanding style got to go. Start putting some action behind those words. Ramsey