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


To: Knighty Tin who wrote (71214)12/1/1999 11:58:00 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 132070
 
MB, i agree that AG has NO limit...Don Hays is actually missing the point, since the bubble has already been created, so AG's place in the history books as it's creator is already assured.
the question is whether he's belatedly going to do anything about it...and the answer is a resounding 'NO'.
i think the Fed, faced with the fact that a bursting of the bubble would destroy the economy, is trying to keep it alive while hoping that the problem will go away by itself somehow.
a fallacy that will cost us all dearly....

regards,

hb