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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (35551)	11/8/1998 11:20:00 AM
From: Mike M2	of 132070

Skeeter, what will bring this mkt back to reality- the best bet is tough love fer de buck. I'd like to elaborate on this later but basicly capital flows from foreigners have provided an unsustainable boost to our stock and bond mkt. This trend has reversed Look at what happened to SEA when the massive inflows became outflows -talk about tough love ho ho ho. Among the reasons for a strong dollar cited by the bulls are: high rates getting lower thanks to AG , a strong economy -getting weaker, booming stk mkt losing momentum. The dollar bulls ignore our ever rising record trade deficits. I am confident that 1999 will be a recession year. More later. Mike

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