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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Bill F. who wrote (62705)	6/17/1999 11:19:00 PM
From: FESHBACH_DISCIPLE	Respond to of 132070

What i mean are companies that default on debt,ones that declare chapter 11 and so on.Examples. Continental,twa,discovery zone,boston chicken,service merchandise,golden books,zenith,heartland wireless,grand union pan am,marvel entertainment. Distressed on the way to zero.

To: Bill F. who wrote (62705)	6/18/1999 12:40:00 AM
From: Skeeter Bug	Respond to of 132070

bill, this is sweet. all easy al needs to do is raise rates and get a market pop. then he can lower them and get another pop. then he raises them, lowers them, raises, lowers, etc ad infinitum and, eventually we are at dow 100k. pure genius -ng-

To: Bill F. who wrote (62705)	6/18/1999 1:29:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Bill, Regarding "easy Al's" comments that it's very difficult to identify a bubble. Almost every reasonably competent and experienced investor I know thinks it's a bubble. And I suspect that "easy Al" knows it, and has known it for a long time. IMO he faces three problems in admitting it. One, it forces an admission on his part that he has created a mess of the financial system. Two, it forces an admission that the goal of CPI stability over and above all else is a bogus and faulty policy. Three, it forces an admission that fiat credit has an enormous downside in terms of economic stability, financial excess, wealth transfer via bailouts, the experienced taking advantage of the less experienced etc... For the Fed, and by proxy, Washington, to admit to those three things is like admitting they are complete idiots and their biggest critics were right all along. NO CHANCE IN HELL! Wayne

To: Bill F. who wrote (62705)	6/18/1999 4:35:00 PM
From: BSGrinder	Read Replies (2) \| Respond to of 132070

Bill, What do you think of the fact that after buying $6 billion worth of dollars to keep the yen down against the dollar, a few days later the Japanese have to get the Europeans to buy dollars again to keep the rate over 120? Doesn't this signal some serious weakness in the dollar? Isn't the lesson that we learned from all the currency erosions in the past few years "Always bet against official currency manipulation, since it always fails in the long run?" Thanks, /Kit