US: prolonged cycle
Article Abstract:
Morgan Stanley argues that the US business cycle is prolonged and expansion could last some years from 1995. The cycle has yet to reach a peak in terms of corporate earnings and this is especially true for companies producing capital goods and intermediate products. Corporate earnings are likely to rise in 1996 and this should sustain a rise in share prices. It is not clear whether consumers will have enough liquidity to support strong sales of mutual funds.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Bubble bother
Article Abstract:
There are some parallels between the US economy and stock market of 1998 and Japan's bubble economy of the late 1980s. US stock market capitalization has risen above gross domestic product, as occurred in Japan. There are differences, however, such as a collapse in US consumer price inflation, while in Japan inflation was rising in 1998 and 1989. US monetary policy is also tighter and the return on capital in the US is also higher than it was in Japan.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Dollar queries
Article Abstract:
US share prices have been boosted by technology stocks, but this could change with a rise in the value of the US dollar. Coporate profit growth has been aided by a weak dollar in the decade to 1995, according to some analysts, and a rise in the dollar's value will reverse this. Semiconductor producers may be vulnerable, for example, if the dollar rises in relation to the Japanese, yen, making Japanese semiconductor products cheaper in foreign markets.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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