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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (71175)	11/30/1999 2:39:00 PM
From: pater tenebrarum	Read Replies (1) of 132070

MB, <<It can only get worse until somebody at The Fed sobers up.>>, who's supposed to sober up there? McTeer? McDonough? Gramlich? these guys are firmly in the new era camp now, not to mention eager to do the administration's bidding. they will do whatever it takes to keep the bubble going, until there will be too many plates to spin at once, at which point it won't matter anymore how much sobriety reigns at the Fed. imo the credit and asset bubbles have long ago passed the point of no return...there is no chance to dig ourselves out of this mess. the Fed will simply muddle along with ever more liquidity injections, frantically monetizing the government debt, until the whole charade collapses by reaching it's natural limit. regards, hb

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