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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (54274)	4/1/1999 8:19:00 PM
From: Ramsey Su	Read Replies (1) of 132070

MB, regarding the Feds ..... they have, on one hand, been adding liquidity to the system for months now. Well, that is not enough, so they dropped the rate 3 times last year, including a surprise mid session drop. Any freshman econ 101 class can tell you that is inflationary. On the other hand, they got that Greenspan guy jawboning away about inflation and raising rates. It is a shame that so many officials went to the Bill Clinton school of truth and integrity. It is a bigger shame that so many people believe them. Ramsey

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