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

To: Earlie who wrote (70603)	11/16/1999 10:08:00 AM
From: Mike M2	Respond to of 132070

Earlie, Milhouse is interesting to read gold-eagle.com Personally, I don't expect the inflation scenario. I seem to recall some Clinton bureaucrat floating the idea of the banking system buying bad corporate debt and then perhaps monetize- did you hear anything about it. I should have paid more attention because now I would not be surprised if such an attempt were made to prevent deflation- a contraction in credit . Those who think we can inflate our way to prosperity ignore the historical record. The huge mistake of the bears has been to expect the Fed to do the right thing ( monetary restraint) I finally understand this Fed ( I think) NO RATE HIKE pursue maximum short term gain at the expense of the future. Mike