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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (42007)	1/4/1999 11:29:00 AM
From: Mike M2	of 132070

Skeeter, I don't follow day to day noise. I would guess it means little. What is more important is that credit growth is beyond control of the Fed due to the proliferation of asset backed securities that is the upside -the downside is,at some point( like NOW?) ,the market will reign in these excesses and demand higher rates - a form of tough love fer da credit mkts ho ho ho. Only an act of God can keep this bubble from bursting the Fed can buy time but the end result will more devastation from the bursting of the bubble. Mike

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