PEN-L
mailing list archive
[ Other Periods  | Other mailing lists  | Search  ]
Date:  [ Previous  | Next  ]      Thread:  [ Previous  | Next  ]      Index:  [ Author  | Date  | Thread  ]

[PEN-L:3942] Say it ain't so, Max

Some time ago, I asked Max S. to what extent the surplus depended on
capital gains in the stock market.  He dismissed my concern.

I just looked at Uchitelle's article in Sunday's times.  He says,
"Bluntly put, if stock prices fall sharply, the budget surplus
disappears."

I rely on Max for such information.  Could he be wrong?  Impossible...

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx
[ Other Periods  | Other mailing lists  | Search  ]