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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (35184)12/11/1998 3:12:00 AM
From: Moominoid  Read Replies (1) | Respond to of 94695
 
From CNN:

It emerged that the government's much touted tax cuts would only benefit top earners, with 80 percent of salarymen actually worse off after the cuts.



To: William H Huebl who wrote (35184)12/11/1998 8:04:00 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 94695
 
Bill to your question the answer is very simple.

As the economy is slowing,

Lower employment will lower the contribution and more people will use their money market money for day to day expenses.

Total Market Cap will stop expanding and then contracting.

Lower market will generate lower buying power, less consumption which will bring about recession and a prolonged one, as in Japan, all courtesy of this administration.

BWDIK
Haim


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