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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (67303)	9/7/1999 10:34:00 PM
From: DJessen33	Read Replies (4) of 132070

Mike, I just read Fred Hickey's piece that Fleck included in today's rap. Man, talk about analysis! Is there better word than excellent? This guy gives me the itch to buy puts for the first time. The only thing I disagree with is that I think if that if nuclear winter set in, treasury bond yields would decline rather than rise. Fred says "Koskinen is trying to play down fears. But the whole world has to be persuaded that all's fine, since the U.S. is more dependent on foreign capital than it's been in its history. Some argue that foreigners, who already own a third of our Treasury debt, will shift even more money here due to having more confidence in the U.S.'s preparations for Y2K, than in their own countries. Money may flow into U.S. treasuries, but will it stay in non-government backed obligations and stocks given that much of the world believes the U.S. (Bubble.com) is a disaster waiting to happen? " I don't understand the non-government backed line of thinking. I also think that if as these fat high techs take the stock market down, the world markets and their currencys will go with them, at least initially. I think our bond market will flourish with the rush to the safety of the dollar. What do you think? DJessen33

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