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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (55681)	4/12/1999 2:16:00 PM
From: Freedom Fighter	Read Replies (2) of 132070

Mike, It's days like today that make me think we are seeing more than just a speculative frenzy. George Soros has hinted that he thinks the global financial system is out of control. I'm not a big fan of George's but I'm starting to think he is right. Deflationary forces in the global economy keep being met with increased liquidity, bailouts, debt rollovers etc... Much of the liquidity keeps flowing into financial assets and is creating ever greater excesses. The Fed, IMF, foreign central banks etc... refuse to allow the bubble to burst and it keeps getting bigger and bigger. I don't think this can end badly anymore. I think disaster is more likely. Wayne

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