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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (30204)	5/17/1999 2:33:00 AM
From: Robert	Read Replies (2) \| Respond to of 70976

G and all -- Despite the very rude response you received, I believe your question is a valid one. I think it comes down to a matter of perspectives. Kathy Jones was discussing the BOND market only, where above-trend growth in the U.S. is bad b/c it has historically been a harbinger of inflation, etc. But Rubin was referring to our ECONOMY as a whole, and likely indirectly the equities markets. For them, economic growth is a GOOD thing. Remember how with rates high in 1997 (6-7% if I remember correctly), Clinton would repeatedly hold press conferences trumpeting the low unemployment figures and red hot economy. In short, I believe both Jones AND Rubin are correct, in a matter of speaking. A depressed Japan (and Asia for that matter) is good for the bond market but bad for our economy and stock market, in the long-run. Hope this helped. Regards, Robert