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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (66839)8/27/1999 7:48:00 AM
From: PaperChase  Read Replies (2) of 132070
 
MB. The word is out that you don't trust banks and that you keep your dwindling cash reserves in a mattress. But Greco the Texas crime boss says not to steal from the mattresses of bears since they are almost broke. <g>

I don't trust banks either. They are not very bright lenders but their accountants are real smart. <G> In my opinion, banks will continue to fuel the economy with wild-ass lending. Show me the event that ropes in their lending and I will listen and then probably exit the stock market. A small increase in interest rates means nothing...consumers are still paying 18% on their unsecured credit debt while real interest rates have plunged over the same period. And consumers are buying new cars like they are going out of style..which they will.

BTW, are you enjoying MU on its run to $150. Say didn't you tell everybody that MU was suppose to be $6, or was this the one-time subscription price for your opinion? <G> Ho ho ho
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