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Politics : Ask Michael Burke
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To: Skeeter Bug who wrote (37766)11/29/1998 7:19:00 PM
From: Tommaso  Read Replies (1) of 132070
 
For the last few months it's nearly full speed ahead--a rate that would be more typical of our neighbors to the south. Because of years of careful managment, and because everything is so cheap right now, this might not translate (even at this rate) into really noticeable inflation for two years or so. But if the rest of the world notices and the dollar begins to drop rapidly, it could come somewhat sooner. But of course the Fed knows all this, so I think they will just cut back and let the markets decline sooner than ruin all the work of the last fifteen years.

I keep thinking our whole country is somewhat like New York City, which survived under bad management for a long time because the rest of the country couldn't get along without its financial and publishing services.
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