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

To: Freedom Fighter who wrote (66914)	8/27/1999 6:47:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Wayne, the fact of the matter is, bond traders are acting like equity traders, which is totally wrong-headed. A lousy economy and negative growth is good for Treasuries, if not for other securities. I have no idea why they are reacting the way they are. One possible explanation: If cos keep reporting fake good #s and capital gains continue, tax revenues should be high and you could get to a real budget surplus some day. That would add scarcity to the T-bond picture. We are nowhere close now, but it is a possible way of thinking.