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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (33230)10/2/1998 1:05:00 PM
From: HB  Read Replies (2) of 132070
 
Mike, the fund is the one bond choice I have in TIAA/CREF. I'm not
all that happy with 8.88%; my ideal choice would have been medium term treasuries but pretax is nice, and I'm
not all that unhappy either, since it beats having socked it into
their equity funds this year. I'm taking some, but not all, out of
the bond fund today. I also cleared out all of a tiny portion of
the account which was in the tiaa/cref real estate fund;
it has beat money markets, but not
by much, and I don't see enough upside to warrant the risk
even with interest rates dropping, because if they're going to
drop a lot, the reasons won't be good news for real estate. BWDIK.

>"the hedge funds will then be long Treasuries and short the
>brain dead mortgages"

Are you saying the brain dead mortgages are going to go up
when the $ falls? <g?>

HB
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