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Politics : Ask Michael Burke

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To: Earlie who wrote (43118)	1/13/1999 7:30:00 AM
From: valueminded	Read Replies (2) of 132070

Earlie I disagree with you and Mike. AG will cut rates and cut often in an attempt to prevent the market from imploding. He will continue to add to reserves and continue to expand the money supply. He feels he has unlimited freedome by the "lack of inflation" which after you are done ignoring everything from food prices to energy to tobacco may be true. Bottom line is bottom line, prices are going to increase as the value of the US dollar is overwhelmed by the supply. (imo) You said it yourself, the view is not prevalent from foreign nationals that AG would cut ... The other thing, is that out of all the economies, the US appears to be in the best shape. Which "gives AG freedom to act". I do not disagree with the need for huge capital inflows to the US, but I do see the US bond tanking, interest rates up, and inflation for the US. Not necessarily world wide - due to worldwide overcapacity per M.Burkes and other comments. (imo) I also found it interesting that the PPI was completely discounted and virtually all analysts expect today to be a big upday, (presumably due to the bargains created at PE's of 31 vs 32 the day before)

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