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To: Lee who wrote (93949)	2/2/1999 11:24:00 AM
From: Jake0302	Read Replies (1) \| Respond to of 176387

any opinions out there on etrade?

To: Lee who wrote (93949)	2/2/1999 12:07:00 PM
From: Mohan Marette	Read Replies (4) \| Respond to of 176387

<U.S Economy>Threat to current economic expansion subsides-Treasury. Lee: I may be allowed to quote Drew 'we are gonna be rrrrrrrrich'.<g> ========================================= Treasury Department Says Threat to Current Economic Expansion Has Subsided Washington, Feb. 2 (Bloomberg) -- The U.S. economy has rebounded and thrived after last year's financial market turbulence and 1999 promises to deliver more growth and low inflation, the Treasury said. ''The immediate threat to the current economic expansion clearly has subsided,'' John Auten, director of the Treasury's office of macroeconomic analysis, told a panel of Wall Street executives who advise the Treasury on market borrowing. ''Indeed the economy picked up speed late last year.'' The gross domestic product, the nation's total output of goods and services, increased at a 5.6 percent rate in the fourth quarter, the strongest showing in more than two years, driven by consumer spending. Unemployment is at a 28-year low. Inflation for all of 1998 was the lowest in four decades, as tracked by the GDP price deflator. The outlook for the new year is positive, Auten said, although the first quarter's growth rate will probably fall short of the fourth quarter pace. ''A slower pace of real growth in the current quarter seems likely to develop for statistical reasons alone, although without necessarily implying much significant change in the underlying pace of activity,'' Auten said. All in all, ''it would have been difficult to have imagined a much more favorable set of economic statistics than has recently appeared,'' he said. Formally known as the Treasury Borrowing Advisory Committee, the panel is led by Stephen Thieke of J.P. Morgan Securities Inc. in New York. The meeting was held in conjunction with tomorrow's announcement of the Treasury's borrowing needs for the rest of the October-December quarter. Treasury Benefiting At the last committee briefing on Oct. 27, the Treasury's official forecast said the U.S. economy would probably skirt a recession as financial markets stabilized. ''The most probable outcome going forward would appear to be growth somewhere near the economy's potential and the continuation of low rates of inflation,'' Auten said at the time. With more than 64 percent of the population working and capital gains mounting, tax revenue has poured into the Treasury