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Politics : Ask Michael Burke

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To: Don Lloyd who wrote (75473)2/9/2000 10:49:00 AM
From: Thomas M.   of 132070
 
James Grant editorial in the WSJ (subscribers only):

interactive.wsj.com

<<< Six percent, incidentally, was what the trustees of Hamilton's sinking fund were prepared to pay for federal securities in 1792, when the U.S. was a striving, speculative-grade credit. Hamilton might be surprised to see that a grown, mighty and decidedly investment-grade America is obliged to pay more than 6% in 2000. >>>

James Grant article in Monday's Financial Times (free):

ft.com
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