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

To: Mike M2 who wrote (63607)	6/30/1999 6:30:00 PM
From: Thomas M.	Read Replies (1) \| Respond to of 132070

#reply-10337891 He also stressed the rapid buildup in debt, both long term and since last Oct. Tom

To: Mike M2 who wrote (63607)	6/30/1999 6:33:00 PM
From: accountclosed	Respond to of 132070

no but i can try. tyler mathisen interviewed him with sue herera also on the anchor desk. i recall tyler asking most if not all of the questions. early questioning was focused on the fed's actions du jour. bill admitted being surprised by the change to neutral bias and said that it was inconsistent with curing the kinds of excesses that ag has spoken of lately. also, bill referred to enormous debt issuance by corporations and accumulation of debt by consumers that was feeding the bubble. it got quickly into what areas of stocks do you like question. he said drugs as they had had an 18% correction (cited pfe), technology (cited lu saying there wasn't much value here but for traders...), and financials (when asked if he liked money centers or regionals, he said he didn't like money centers here and that ag edwards looked good to him on both a fundamental and technical basis). each time they prodded him for more stocks he liked he added "we may just have a blow off top here"...perhaps i was being oversensitive but it seemed there was great interest in picks by tyler and a sneer at the blow off top statement each time. when asked what ag was saying with his action, he said ag was saying that it was cool to keep running up the credit card debts and that "risk is a myth". he had a big smile on his face from there to the end of the interview. so did i ;)