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Politics : Ask Michael Burke

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To: Tommaso who wrote (50075)	3/6/1999 2:41:00 PM
From: Knighty Tin	of 132070

T, I think Ted David was more concerned about criticism of CNBC in general, and himself in particular. But the guy in Savannah is certainly right. I don't know any measure where we have ever had higher priced stocks in this country and I know of few periods where we have had worse earnings growth. And interest rates are now a tad over the postwar average, so that isn't the answer. I think debt is the answer and if I'm right, it has to end badly. Very badly. MB

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