Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: dougjn who wrote (8460)	10/5/1998 9:20:00 PM
From: Bernard Levy	Read Replies (2) of 12468

Doug: As indicated by SteveB, Winstar has enough cash to last 15 months-- a little more if they stretch their buildout. I am not sure the high yield bond market will be closed for more than 6 to 9 months. Everyone keeps mentioning deflation, but they forget that the remedies to deflation are well known: lower interest rates (to negative rates if needed), and have the Fed repurchase a large chunk of treasuries (in essence printing money). On the fiscal side, tax cuts or increased govt spending can also help. I do not believe the Fed will let a situation similar to 1929 emerge. I strongly believe that 6 months from now, the economic landscape will look a lot better. Best regards, Bernard Levy

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