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

To: Knighty Tin who wrote (74714)	1/28/2000 11:29:00 AM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

To All, It is now official, the Treasury yield curve is inverted (those of us who follow it closely are perverted <g>. Though I have backed a stock market crash based upon global deflation, this evidence is certainly an important argument in favor of rampant inflation causing the crash. And, despite what Alan the Incompetent tells Congress, this inversion has everything to do with the stock market and his "what, me worry?" approach to margin debt. See my note Message 12709884 We all know that borrowing short term to lend long term takes the nation's banks close to bankruptcy once or twice a decade. However, borrowing short term to buy equity is even dumber. The end of this bull market seems to be close. BTW, love those Down Jones 30 puts. <g>