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RECOVERY'S PACE HELPS INVESTORS, FINANCIAL EXPERTS SAY

 RECOVERY'S PACE HELPS INVESTORS, FINANCIAL EXPERTS SAY
 CHICAGO, May 28 /PRNewswire/ -- Stocks remain good investments with


the recovery's slow pace minimizing inflationary pressures and the stock market remaining in a trading range, according to a study by an asset management company.
 However, the persistent and growing federal deficit threatens this environment, says the recently issued investment outlook by Duff & Phelps Investment Management Company, headquartered in Cleveland.
 In the report, Robert D. Milne, president, points out the positive side of this cycle's slow economic recovery. "Signs of an economic rebound increase inflation fears within our economy," he says. "However, despite our expectations for a better economic climate, we are not concerned about inflation this year since we expect only moderate economic growth."
 Continues Milne, "The favorable news on the inflation front is especially good for investors in financial assets. In fact, investors are currently enjoying very high real interest rates on bonds. The stock market, too, benefits from lower inflation."
 As in past reports, Milne emphasizes the threat posed by the persistent and growing federal deficit. "With the high amount of ongoing federal deficit spending, the inflation potential being added to the economy is enormous," he said. "This concerns us and leads us to be less optimistic as we look towards 1993."
 The report advises seeking stocks of companies with consistent volume growth, which maximizes opportunities for reliable increases in earnings and dividends. Also, as it has for several months, the report advises that fixed income investors use the period to lengthen average maturities.
 Duff & Phelps Investment Management Company offers financial management services to corporations, institutions and individuals nationwide, with primary offices in Cleveland and Chicago. It is a division of Duff & Phelps Corporation of Chicago.
 -0- 5/28/92
 /NOTE TO EDITORS: For a copy of this report, contact Robert D. Milne, president, Duff & Phelps Investment Management Company in Cleveland, 216-771-3450, or Jacqueline Bitowt, corporate director of communications in Chicago, 312-630-4624/
 /CONTACT: Robert D. Milne, president of Duff & Phelps Investment Management Company, 216-771-3450, or Jacqueline Bitowt of Duff & Phelps, 312-630-4624/ CO: Duff & Phelps Investment Management Company ST: Illinois, Ohio IN: FIN SU: ECO


GK -- NY053 -- 4743 05/28/92 12:16 EDT
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Publication:PR Newswire
Date:May 28, 1992
Words:362
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