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Politics : Ask Michael Burke

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To: Terry D who wrote (32356)	9/8/1998 12:11:00 PM
From: Knighty Tin	Read Replies (3) of 132070

TD, I only care in that the announcement, like the rumor today, would cause a quick sucker's rally and allow me to replenish my depleted put portfolio. As the guy in Barron's said: "All the Fed can do by lowering rates is persuade Micron to build another Dram fab that nobody wants or needs." <G> The problem is worldwide overcapacity. Lower rates in the largest economy in the world does not solve that problem. If fact, it will make it worse. MB

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