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

To: Knighty Tin who wrote (62964)	6/22/1999 5:31:00 PM
From: MulhollandDrive	Read Replies (3) \| Respond to of 132070

>>I find it interesting about how Alan G's reckless policies have eliminated even a discussion of raising margin requirements. He said he won't do it, so he has to fight asset inflation with one hand tied behind his back. All he can use is the interest rate card. Really dumb to paint himself in a corner like that. << That's a very good point. I think that real interest rates are actually still too high. If the concern is over asset inflation, then use the tool you have to attack the culprit directly, excessive speculation with borrowed money. I frankly think the number of people taking second mortgages on their homes to buy stocks has to statistically nil. bp