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

To: JRI who wrote (67216)	9/3/1999 10:06:00 AM
From: Mike M2	Read Replies (3) \| Respond to of 132070

JRI, the jobs report HO HO HO. The Clinton administration seems to come up with surprisingly favorable economic reports just when the market needs them. I guess it depends on what you mean by jobs and what you mean by work. I expect the market to take rates up in sympathy with a falling dollar. Why will the dollar fall record trade deficits and foreigners fear of the inevitable bust of the US bubble economy. Another concern is the suppy/demand situation in the credit markets thus far the supply seems to have been accommodated by increased leverage at the price of greater risk. I agree that the Fed will continue to err on the side of fueling the bubble at the expense of a greater bust in the future leading to tough love and economic violence. Mike