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

To: Ramsey Su who wrote (6635)	9/23/1998 9:59:00 PM
From: Lee Lichterman III	Respond to of 9980

Concur whole heartedly. I brought up the lack of expected corporate tax and capital gains tax affecting the "surplus" the other night on another thread. We are spending money we haven't even received yet, though this is not unusual for congress. The devaluation of our dollar also will not help the other countries who have been dropping their monetary valuation in an attempt to export their way out of debt. What would the next few years look like, see who can devalue the lowest and fastest? Besides, AG said the market was over valued before, every time he hints at a drop in rates, he must cringe when the market rallies like this. Call me spiteful, but I would not drop rates this session just because of the way the market has acted the last few times when he hinted at such. We have stated that Japan needs to tighten down and get a grip on reality, maybe we should show our market can lead by example and return to real valuations. Good luck all Lee