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Politics : Ask Michael Burke

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To: Fred B. who wrote (60104)	5/21/1999 10:20:00 AM
From: Knighty Tin	Read Replies (1) of 132070

Fred, Our ideas on interest rates are closer than you think. I own T Bond rate puts at the top, so I'm fairly bullish near term. I am not screaming inflation, as I think that it is worse than reported, since the govt. started faking the #s, but not a huge problem. I am much more worried about overcapacity and too much debt and too much debt based speculation. This looks more like the late 1920s than the 1970s, IMHO. And much more of a hike in bond rates will collapse the entire house of cards. Call names if you wish. It can be fun. <g>

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