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

To: Skeeter Bug who wrote (77007)	3/5/2000 10:46:00 PM
From: BGR	Read Replies (1) \| Respond to of 132070

Shouldn't you go long the US market if you believe in what you say? BTW, next time Earlie starts to talk about foreigners (especially the Japanese) selling US Treasuries, can you please do me a favor and forward the arguments presented in the first paragraph of your post to him? I have tried to convince him in the past that it is not going to happen, but failed. He may be more sympathetic to the views of a fellow Mythster.

To: Skeeter Bug who wrote (77007)	3/6/2000 9:57:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Skeeter, >>nothing sinister here. just unannounced policy. watch actions, not words, for true policy. i used to believe alan's words and got consistently burned.<< Sinister may be harsh, but not too harsh. If the unannounced policy is allowing huge sums of wealth to be transferred from middle class investors to Wall St., options holding executives, venture capitalists, large investors, etc... something harsh is deserved. High prices do not create wealth. They transfer wealth from buyer to seller in a game of financial musical chairs. Especially if you are constantly bailing out the perpetrators of the crime via liquidity injections and IMF bailouts etc... In Asia for example, western financial institutions got away relatively unscathed. Several Asian countries had conditions imposed on them by the IMF (that in part were meant to protect creditors and were influenced by US pressure) that caused disaster after disaster for the local populations. Sure there were lots of reasons for the debacle. But one of them was excess hot money from the West. When it blew up, creditors suffered little pain. In fact they took assets away from the debtors for nickels on the dollar. To me, it was the ultimate rape and pillage. I don't really care if it was an accident or intentional. The result was the same. Taxpayers and foreign businesses got it where the sun never shines and financial institutions made out like bandits for years and then again after the bailouts. Think this is an emotional topic for me. :-) Wayne