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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (28075)	5/11/1998 10:28:00 AM
From: Mike M2	Read Replies (1) of 132070

Skeeter, I agree, AG & co should have hiked long ago. it is too late IMO fer an orderly decline of this PONZI scheme. It's going to collapse regardless of what the FED does . The danger in waiting is de mkt goes higher. If they are truly concerned about the mkts they should give de mkt a little tough love and hike but i think they are more politically motivated and talk de talk but do not walk de walk. The FED would rather not appear to be at fault. With all this talk about rate hikes if they don't hike the mkt may really go wild on de upside. Mike

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