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

To: Knighty Tin who wrote (67897)	9/19/1999 1:47:00 AM
From: Merritt	Read Replies (2) \| Respond to of 132070

Mike: "Who Will Continue To Bid Up The Price Of Our Stocks?" ntrs.com Interesting article, with some good info, IMHO. I'd like to read your take...it lends credence to your warning to watch the dollar.

To: Knighty Tin who wrote (67897)	9/19/1999 12:02:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Mike, I was kind of surprised with Epstein's comments suggesting that Japan expand credit. I'll never understand the almost universal desire to improve short term results without any consideration for long term implications. I understand it from politicians. Most don't know enough to even debate or think about these issues. They just want to get re-elected so that they can ensure that they screw up the country. But economists etc... Even the ones I like can't get past the next 6 months. Wayne

To: Knighty Tin who wrote (67897)	9/19/1999 12:12:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Mike, Andy Beyer likes the 2 year old crop as much as I do. More than Ready runs today at Belmont. I think going to go. It'll be a good test for him. He's stretching out from 6 1/2 furlongs to a 1 mile. That's always a serious test for the kids. He's also facing a Seattle Slew recent graduate that has blinding early speed and maybe a ton of talent. The Slewster supposedly worked in company the other day with an older allowance colt and blew him away. He's making a really tough jump though. From 5 1/2 furlongs against maidens into a duel with a potential champ. search.washingtonpost.com Wayne

To: Knighty Tin who wrote (67897)	9/21/1999 7:59:00 PM
From: Lymond	Read Replies (1) \| Respond to of 132070

Mike, By you brain cancer metaphor, you seem to imply that all credit creation is ultimately bad. It is oftentimes the case. Boom/bust cycles are inherently created when credit creation gets out of synch with real economic growth potential. Here your steroids metaphor applies. But is there any room in your mosaic for "good" credit creation, where loans are properly priced and help to reduce friction in an economy? Relatedly, you attribute the Japanese "miracle" to savings. How were these savings funneled into the economy, other than through credit creation? I am extremely skeptical of so much of this new-paradigm bs. Some serious pain is on the way. But compared with you, I look a woolly eyed optimist <g>. Regards, John