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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (44971)	1/29/1999 5:41:00 PM
From: RealMuLan	Read Replies (2) of 132070

<<YZ, Alice Rivlin, too. And others are starting to grumble. >> Mike, you are right. But what were they thinking when they voted for the rate cut, three times in a row? I heard on CNBS this afternoon that some Fed. members, they haven't said who, started to regret the third rate cut. This is a joke. I thought these people were some responsible adults. Well I guess I am wrong. And what is your thought on that robust GDP number? I heard one fund manager on CNBS, forgot his name, said this number will be revised down a lot because nobody knows what was really happened in the 4th quarter yet. One more thing from CNBS, one of their anchors was comparing this Internet business with 18th century's invention of railroad, etc. Sounds like he was talking about another Industrial revolution.

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