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


To: per strandberg who wrote (72730)1/3/2000 9:22:00 AM
From: Freedom Fighter  Read Replies (1) | Respond to of 132070
 
PS,

I really don't know.

I believe AG will provide whatever amount of liquidity is necessary to maintain its target interest rate despite the growing bubble in financial assets.

I also believe he will attempt to support the bubble if it threatens to burst.

Somewhere along the line AG decided that it's not his role to prevent a bubble no matter how much credit is being added to the system and what his personal views are. That's up to the markets. But it is his role to try to prevent the consequences.

I disagree.

Wayne

Wayne