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

To: PaperChase who wrote (66457)	8/20/1999 9:04:00 AM
From: Freedom Fighter	Respond to of 132070

Paper, >>fear mongerer named William Magner.<< Gee, I find Joe "No Neck" B. and Harpo a lot scarier than Mag. (g) Wayne

To: PaperChase who wrote (66457)	8/20/1999 11:03:00 AM
From: Skeeter Bug	Read Replies (2) \| Respond to of 132070

>>There is nothing fundamentally wrong with HWP.<< and valuation is no longer a fundamental. ;-)

To: PaperChase who wrote (66457)	8/20/1999 11:34:00 AM
From: Knighty Tin	Respond to of 132070

PC, 1. In a public forum, you cannot talk behind someone's back. All you have to do is search for your name. <g> 2. I argue with your strategy of buying splits, not with HP, specifically. I agree that the only thing wrong with HP is the PC market and their accounting for this spin off. And the fact they see business weakening.

To: PaperChase who wrote (66457)	8/20/1999 12:18:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

PC, my fear mongering is based upon the lessons of history while your views seem to be based upon its different this time fallacy. I do agree with your views that the central banks has been a major factor in creating and perpetuating this bubble there are limits to their powers. IMO their reckless actions to delay the inevitable will only increase the magnitude of the bust. When evaluating the role of the central banks it is important to remember that commercial banks create loans if they are willing and able to extend loans to customers who are willing and able to take a loan. This point was demonstated in the US in the 30s when banks had not extended loans to the limit of their reserves. The other important point is the fact that financial sector ( nonbank) has created more credit than the banking sector in 1998 and their paper is marked to market daily - you cannot hide bad debts for long. I would also suspect this sector has much greater leverage than you would find at a bank. One final comment - ho ho ho mike