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Politics : Ask Michael Burke
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To: PaperChase who wrote (62496)6/16/1999 9:47:00 AM
From: Freedom Fighter  Read Replies (2) of 132070
 
Paper,

I wouldn't count on one good CPI report solving the fundamental overvaluation that even the bogus Fed stock market model puts at 42%. Nor will it solve the economic imbalances like a current account deficit approaching 1987 levels as a percent of GDP, negative savings, and rapid credit growth funded with air.

Emotion is on the bull's side. Reality is on the bear's side.

Wayne
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