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: Rarebird who wrote (83332)	8/27/2000 9:59:19 AM
From: Square_Dealings	Respond to of 132070

<<Yes, I see some radical easing of monetary policy also going forward>> I sure hope your wrong on this one. The only reasons rates aren't higher now are politics and the fact that monetary policy has been so free that the economy is fragile to interest hikes. People have collections of credit cards and its not healthy imo. They wont stop borrowing until it hurts. Corporations are in over their head. A radical easing to come? Maybe after a sharp drop in the economy.

To: Rarebird who wrote (83332)	8/27/2000 10:17:47 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 132070

especially if we get more Gridlock in D.C, LOL!! But gridlock in this town now is defined as special prosecutors and impeachment hearings. And I'm getting a bit sick of those. Gore will be investigated over his missing emails, the buddhist temple, as well as his involvement in swearing in a million new applicants for citizenship during 1996 hoping to catch their democratic votes. With regard to the latter issue, it turned out that many of these new citizens were felons or had other criminal records, which went undiscovered since the normal background checks had been waivered in the name of expediency so they could raise their hands by November, 1996 and cast their ballots. Btw, I'm not a moral majority type of conservative either. In fact, I'm a moderate who just happens to believe that the political pendulum has swung too far to the left. We can't legislate morality. But we can educate and change attitudes. But just as you would like the Repubs to disengage themselves from the MM, most conservatives would like the Dems to disengage themselves from the hollywood crowd and powerful trade union money. And a Gore victory would not bring the reactionary right to the center. They would merely say that "we lost because we left our principles in order to appeal to the center". One thing on money supply though. I'm not sure if I expect the Fed to inject massive liquidity except maybe for the Xmas season, which they always do. But I do expect the Treasury to continue to buy back govt debt, which frees up that private cash for other investments... almost the same thing as the Fed buying bonds. Personally, I think AG wants to bring us in for a soft landing, at the risk of creating a hard landing, and then maintaining a tight hand on the reins going forward. Y2K really created a tough situation for the Fed. They had to drastically increase money supply to maintain system integrity, even though it meant potentially overheating the US economy. Now they are resolving that "bubble" and be more constrained going forward until they are absolutely positive that productivity gains are continuing. Regards, Ron