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


To: valueminded who wrote (62873)6/21/1999 12:49:00 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Chris, Actually, the credit is not expanding fast enough to support both bonds and stocks. Since bonds are more important to actually doing business and allowing the global economy to work, action will have to be taken to get rates back down. That action will include killing the stock market, IMHO. 6% for sure looks a lot better than -40% for sure. <g>