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To: ed who wrote (4644)	10/10/1998 11:19:00 PM
From: D. Newberry	Read Replies (1) \| Respond to of 21876

Ed, <<......I believe, the Republican congress will try to destroy the economy after the sex scandal is over so that they can take advantage of the great depression in year 2000 for the presidential election. That is something worry me . People should kick those Republican congressmen out of the congress with their votes in the comming Nov election >> Say Ed, you wouldn't happen to be a Democrat would you? <vbg> <<The US can not expect we will completely immune to the world economic down turn. Thinking about that 30% of our products are exported, if the overseas consumers stop buying our products, which means 30% of the US workers will lose their jobs, and the rest of the 70% of US workers will lose their confidence about the future completely and will reduce their spendings significantly, this will reduce the economic activities here in the US to a dangerous level , and push the domestic economy into a big depression. >> I am more optimistic about the future than you apparently are and would be surprised to see a depression, or even a steep recession in 1999. I have nothing to base that on but my optimism about the future. I have been investing for about 20 years now, and the sell offs in the early 80s, and particularly '87, were much more scary. In '87 we were facing a US financial meltdown with the S&L mess, but we got out of it. Our economy today is in much better shape to handle external shocks. Deflation will undoubtedly be with us for some time, however, and it is important to understand how this will impact the markets in order to profit from the new reality. I believe individual stock selection will be extremely important as we go forward (not that it wasn't important before, of course). Thanks for your thoughts. Darrell