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

To: Skeeter Bug who wrote (76609)	2/26/2000 5:31:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Skeeter, I have shared your view on the matter completely until the last few weeks. Now I think as long as the market retreats in an orderly fashion, (assuming it retreats) he will let it continue. Here's a little story. About 3 years ago I wrote a letter to the Fed detailing all the reasons I thought we were heading into a stock market bubble and were on an unsustainable economic path. To my shock I got a very detailed response from one of their head economists. He told me that even though he shared my views about stock market that I should expect the Fed to focus on one thing and one thing only - the real economy. As long as the Fed thought that the economy wasn't growing too fast nothing would be done about the stock market. AG has been making the case that the economy IS growing too fast. So I believe he will tighten until it slows. If the market falls he will let it until it either crashes or threatens the economy. I think we have a different set of circumstances now than we've had over the last couple of years. But maybe I'm expecting too much. Wayne