Old Grorrth Douglas Fir

Sales Mgr. Ted Barnes

Phone: (503) 874-2236 P.O. Box 7 Riddle, Oregon 97469

(Continued from page 57)

Economist Dr. "Rusty" Rostvold, a popular Los Angeles tv commentator on money matters, described how the world of finances had changed in the 1980s and what other developments might occur during this decade.

The five new forces of the '80s, he claimed, will be (l) double digit inflation, (2) double digit interest rates, (3) escalating energy costs, (4) escalating taxes, and (5) scarcity of resources and tangibles. What to expect in the '80s included more inflation; high interest rates; several recessions; tight money credit; chronic capital shortages; escalating energy costs; U.S. dependency on the world economy; a shift from money to items with intrinsic value; ill-timed monetary and fiscal policies; and more government.

He said personal investment strategies should: hedge inflation; minimize taxes; protect real estate; and maximize return on investment while minimizing risks. He stressed the importance of liquidity, long term debt and "things."

Dr. Rostvold's personal investment portfolio is broken down into 25s/o real estate, 4590 collectibles, l59o common stocks, l09o bonds and 590 "mad money."

He foresees no quick recovery from this reccession. The turn around will occur when the public begins to spend its money, he said.

A panel discussion followed, manned by members of Second Growth, an under-35 year old group that is part of LASC. Mark Lofland of Capital Lumber reviewed the effects of the rising cost of money and said that three of the most important

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STEWART HARDWOOD LUMBER CO., INC. (209) 826.6544

Wholesalers of imported and domestic hardwood lumber and plywood, specializing in alder and Philippine mahogany. Be sure and ask us about redwood uppers.

ll Ar we observe our second anniversary, we extend sincere thanks to our customers and friends.