Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: sammaster who wrote (76181)	2/18/2000 3:28:00 PM
From: Freedom Fighter	Respond to of 132070

sammaster, This is my view. If al.com is serious about slowing down the economy, I believe that's good for the government long bond. There's seems to be this prevailing wisdom that if he raises short rates it hurts long bonds. I disagree. Perhaps it causes some short term unwinding of leveraged positions, but ultimately, I think tighter money slows the economy, chokes off any inflation and that's good for bonds. Run that one by Mike Burke. Maybe he has a different view. Wayne

To: sammaster who wrote (76181)	2/20/2000 11:21:00 AM
From: Freedom Fighter	Respond to of 132070

Samir, I read Mike's comments on the 30 year treasury. Just to clarify my own view, I would never own the 30 year treasury as a long term investment from here. I was more or less commenting on its action relative to short rates. If the economy slows significantly in the second half, I believe long treasury rates could fall further and produce capital gains. I also believe that if the stock market tanks we will get a rally in treasury bonds. IMHO, it's some of both that have driven the move from 6.7% to where it is now. Maybe it's already overdone. Wayne