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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (51308)	3/11/1999 6:01:00 AM
From: valueminded	Read Replies (1) of 132070

Mike/All AG is not interested in stopping the asset inflation (imo) and he wont be until it is so late that we end up with a Japan style crash and a severe debt crunch in this country. (If you look at price to earnings and price to book and compare the nasdaq to the Nikei of the late 80's I believe they are getting very close.) To expect anything different out of the FEd is to interpret their actions different than their words. Words express concern, actions say differently. (At least that is how I read the cards) Now a question: When the FED does a coupon pass, or buys coupons, what does that mean ? Also, when they "add temporary reserves" how can they add reserves if they are stealth tightening. thanks

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