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Politics : Ask Michael Burke

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To: Mike M2 who wrote (74107)1/21/2000 7:52:00 AM
From: valueminded  Read Replies (1) of 132070
 
William:

In my opinion, it is a critical mistake to think that AG will be on the side of the stocks to the end. He will be on their side through the end. Which is why I believe that bond holders will get destroyed even as the stock market declines. I agree his record speaks as to not letting the market decline, but even as its declining, he will flood the market with money which will spike inflation and cause bonds to deteriorate even further. Maybe, if he succeeds, it will give the market a temporary stop gap but in the long run, the amount of money which has been created will need to be destroyed. The people/funds who have chosen their safety in "bonds" as the market declines will lose much of it. At least this is how I see it unfolding.
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