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Politics : Ask Michael Burke

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To: valueminded who wrote (50275)	3/7/1999 12:34:00 PM
From: Knighty Tin	Read Replies (2) of 132070

Chris, I may be giving AG some credit for character that he does not have. He is already being roundly criticized within the Fed for cutting rates recklessly last year and he is a good enough economist to know what those cuts will do to the economy when their impact is felt over the next 6 months. I don't think he can get the votes to cut again until AFTER there is a crash of major proportion, not just the wee tradeoff of this summer. But we shall see. Isn't it odd how bond rates are so much higher SINCE the cut in rates? <g> MB

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