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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Howard Henick who wrote (43127)1/13/1999 7:51:00 AM
From: Matt Peters  Read Replies (1) | Respond to of 132070
 
"Brazil solved"?...I think the former Brazilian Central Bank chief might disagree.

Is the glass now half empty or half full? I think someone just tipped the glass over.




To: Howard Henick who wrote (43127)1/13/1999 11:29:00 AM
From: Earlie  Read Replies (3) | Respond to of 132070
 
Howard:

Take a look at the percentage of that GDP growth which was a "build for inventory", and this has been going on for 3 quarters.

Earnings growth down now for four quarters in a row. Government corporate tax receipts have been falling even longer (which says something about the accounting)

Some of the big brokerage firms are calling a recession in Q1, 1999.

U.S. consumers are now exhibiting net negative savings.

U.S. bonds locked up for five weeks last Fall

Many large companies are closing plants and laying off hundreds of thousands of workers (which is the thing that I personally think will do this tulip in,....these are the "big pay" jobs, not the hamburger flippers, although even those guys and gals are getting hit, according to the Golden Arches recent comments). Boeing alone will clobber the West coast as its layoffs take hold. A good example,...Phillips is closing 123 plants this coming year

Trade deficit,...off the graph.

Balance of Payments?,....no longer describable in normal terms.

U.S. dollar,...down a third against the Yen in a few weeks.

One could go on and on. If foreign investors ease up with respect to the sums they send to the U.S, things will turn ugly quickly. To me, they are just starting to do just that.

Mike's comment is accurate

Best, Earlie



To: Howard Henick who wrote (43127)1/13/1999 11:53:00 AM
From: Knighty Tin  Read Replies (2) | Respond to of 132070
 
HH, I am looking at tremendous trade deficits, lousy productivity growth, an unbalanced economy based upon stock market speculation, the collapse of corporate eps growth, no savings rate, a flood of dollars on the market, a higher, much higher PPI, etc. GDP is an historical measure. I am a member of the church of what's happenin' now, which is all that counts.

MB


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