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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (80263)	4/30/2000 5:14:00 PM
From: Terry Maloney	Read Replies (2) of 132070

Michael, "The ability to monetize shareholder ignorance has probably never been exceeded" <g> Messrs. Buffett and Munger seem to be getting a little testier these days, talking about money "sloshing" around and whatnot ... quote.bloomberg.com It seems they don't have much faith in the bond vigilantes (if ever they did), and nor does anyone else. A while ago these vigilantes were supposed to have the power to reign in reckless monetary policy, but now they appear to be paper tigers ... were they always just a myth?

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