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Politics : Ask Michael Burke

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To: Bill F. who wrote (76222)	2/19/2000 1:30:00 PM
From: Kailash	Read Replies (3) of 132070

Bill - fodder for the Chronicles of Mania: "It is good that interest rates are rising. The rates are killing off the old indolent inefficient rust bucket 19th century leftover corporations whose continuing existence has been held together only by a benign environment. It would take an instantaneous fed funds rate of 30% to slow the new economy corporations because that's what their effective growth rate of wealth is." Message 12917235 I like it. It's good that the rest of the economy (the one that runs on money) is being killed off, because it's old and rusty; make room for the new profitless economy! I also admire the somewhat counterintuitive proportional relation between growth rates and interest rates: hey, if my company is growing 30% a year, what's the fuss about a quarter point raise in some funds rate? I want this guy for president! Kailash

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