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

To: Les H who wrote (67051)	8/31/1999 6:30:00 PM
From: Knighty Tin	Read Replies (4) \| Respond to of 132070

Les, I know Mori and he is a brilliant economist. He sounds right on here.

To: Les H who wrote (67051)	9/1/1999 2:49:00 AM
From: PaperChase	Read Replies (5) \| Respond to of 132070

PC says don't trust the Japanese economists...and don't trust the U.S. ones either. <g> Here is my "don't trust" list, in order of impotence, I mean importance. Don't trust: 1. Bears on the 'Ask Michael Burke' thread who don't like Intel, GTW, MU, Dell, AMAT, NVLS, ad nauseum. 2. "Journalists" from Reuters who comment on the reasons for the day's market movement. Very funny reading, I think it is written by high schoolers. 3. U.S. and Foreign economists who still don't have a clue as to why we have had a record expansion in the economy without runaway inflation. Below are selected sentences from the article Les posted. Keep your bullish eye on the U.S. dollars mentioned and tell me why it does NOT make sense: "Japanese have turned net sellers of U.S. bonds, unloading 453.9 billion yen ($4.09 billion) on an annualised basis since the fourth quarter of 1998." "But the departure of Japanese money has dealt a heavy blow, and the United States has had to recall capital invested in Europe and Latin America, he said." "U.S. investors have pulled $79.7 billion from European securities markets and $12.8 billion from Latin American stock markets on an annualised basis since the fourth quarter of 1998." Hmmm. Japanese pulled $4 billion from U.S. and then the article leads one to believe this caused U.S. investors to pull $92 billion from Europe and Latin American. The Yogi article was written by an economist who has allowed his ego to run amuck and invent doomsday events. Listen to Paperchase, buy the dip! I can not wait for the Y2K fear mongering this fall when the market will hopefully slide, plunge, dip or crash. I will be using my numerous Bank One credit lines to buy from the scaredy cats. Bank One is encouraging me to do this as they call me every day to ask why I haven't transferred any balances recently, charged up a storm, etc. Well, don't you worry Bank One, I'll be tapping out those lines shortly to buy the dip on AMAT, IBM, ANTC, TLAB, LU, Dell, and many others.