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Politics : Ask Michael Burke
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To: michael c. peterson who wrote (59137)5/12/1999 2:44:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
Mike, I think bond rates have tied his hands pretty good and he can't lower rates without seeing bonds at 6 1/2%, which he doesn't want to see. The phony economic numbers also make any excuse unlikely to fly with currency traders. So, I don't see it. But I didn't see last Fall, either. It thought the fact that he would demolish the bond market would have argued for restraint, but he was unrestrained. There is no telling what will happen when you have a nutburger's finger on the trigger.
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