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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (27910)5/3/1998 12:01:00 AM
From: Skeeter Bug  Read Replies (1) of 132070
 
mike, i think the fed wants a bubble in the market. he appears to think that w/o the wealth effect we would enter into a recession. this economy is stressed. some areas are growing wildly. in my area they are putting up 3 new buildings on every other block. financial assets are flying high but other items seem to be deflating (computers).

this will be interesting to see it play out.
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