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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (43109)	1/13/1999 9:22:00 AM
From: valueminded	Read Replies (1) of 132070

Mike: In my opinion, as long as the world community views the "safe haven" status of the dollar as a given (no matter how we expand the money supply) Alan will continue to print money. It will only change when his hand is forced and by then it will be to late as the US (as a country will be looking at inflation or currency devaluation depending on how you want to call it) I believe today is an excellent example. Look at the huge drop in the treasury yield when Brazil looks ready to take a tumble. To me it indicates no one is paying any attention to US monetary expansion which is the fuel that feeds this fire. Please comment thanks

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