Re: [CANSLIM] Sounds like inflation ahead to me!

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] Sounds like inflation ahead to me!
Date: Fri, 20 Jun 2003 08:25:47 -0700
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MessageInteresting. Isn't that in the neighbourhood of $360 for EVERY man, woman and child in the country - for just 1 month? And a run-rate of over $1,000,000,000,000 for the year? What IS the projection for th year? How does this look by historical measures? Doesn't this number make the recent tax cuts look miniscule in comparison? I suppose this is the reason for the collapse of the greenback this year - I find it intriguing that nobody in the financial media seems to care - a lot of complacency has set in over the dollar. 

How will this affect the otherwise-exceptional CANSLIM banking/finance stocks? Will it have a profound positive (or negative) effect on any CANSLIM industries?

Ian




  ----- Original Message ----- 
  From: Fred Richards 
  To: canslim@lists.xmission.com 
  Sent: Thursday, June 19, 2003 5:04 PM
  Subject: [CANSLIM] Sounds like inflation ahead to me!


  The U.S. Treasury announced an as-expected budget deficit of $90.5 billion in May. Year-to-date, the budget deficit stands at $292.1 billion vs. $145.4 billion in the year-ago period. Both individual and corporate tax receipts are sharply lower than a year ago, reflecting declining payrolls and soft business conditions. Government spending is high, especially for defense and Medicare.

  ---------------------

  Wonder how long it will take the foreign investors to panic?  And when they do, will the market continue on its way up?

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<DIV><FONT size=2>Interesting. Isn't that in the neighbourhood of $360 for EVERY 
man, woman and child in the country - for just 1 month? And a run-rate of over 
$1,000,000,000,000 for the year? What IS the projection for th year? How does 
this look by historical measures? Doesn't this number make the recent tax cuts 
look miniscule in comparison? I suppose this is the reason for the collapse of 
the greenback this year - I find it intriguing that nobody in the financial 
media seems to care - a lot of complacency has set in over the dollar. 
</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>How will this affect the otherwise-exceptional CANSLIM 
banking/finance stocks? Will it have a profound positive (or negative) effect on 
any CANSLIM industries?</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Ian</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<BLOCKQUOTE dir=ltr 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  <A title=ffradrich@attbi.com href="mailto:ffradrich@attbi.com">Fred 
  Richards</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com 
  href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, June 19, 2003 5:04 
  PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Sounds like inflation 
  ahead to me!</DIV>
  <DIV><BR></DIV>
  <DIV>
  <DIV><FONT face=Arial size=2>The U.S. Treasury announced an as-expected budget 
  deficit of $90.5 billion in May. Year-to-date, the budget deficit stands at 
  $292.1 billion vs. $145.4 billion in the year-ago period. Both individual and 
  corporate tax receipts are sharply lower than a year ago, reflecting declining 
  payrolls and soft business conditions. Government spending is high, especially 
  for defense and Medicare.</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><SPAN class=625080300-20062003><FONT face=Arial 
  size=2>---------------------</FONT></SPAN></DIV>
  <DIV><SPAN class=625080300-20062003><FONT face=Arial 
  size=2></FONT></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=625080300-20062003><FONT face=Arial size=2>Wonder how long it 
  will take the foreign investors to panic?&nbsp; And when they do, will the 
  market continue on its way 
up?</FONT></SPAN></DIV></DIV></BLOCKQUOTE></BODY></HTML>

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