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

To: Knighty Tin who wrote (87808)	1/2/2001 10:07:41 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

MB, If we get a rate cut isn't that guaranteed to send the dollar down? Without any metallic discipline all there is to maintain the internationa; value of moeny is a willingness to punish oneself with high rates. Cut those and the currency declines. Don't cut, and the stocks decline. And then decline more as a rate cut cannot be avoided. What a price to pay to rescue LTCM and to battle the Y2K imaginary monster.

To: Knighty Tin who wrote (87808)	1/3/2001 12:40:44 AM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 132070

MB, I notice that Fleck has observed that we could be in for a period of stagflation. I happen to agree with him on this one. Do you have any ideas where we can do well with paper assets in this kind of environment? Joan

To: Knighty Tin who wrote (87808)	1/3/2001 9:32:52 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Mike, >>I think we see a rate cut to save the market and the economy and this type of stock that has fallen but not crashed will rally wildly.<< I think a rate cut is already built in. I suspect that in order to get more than a blip reaction from the markets, AG will have to announce either a surprise cut (before the meeting) or a larger cut than expected. It may take even more to help the economy because last time I looked this was already a very leveraged economy....and the dollar isn't lookin too hot.... Wayne

To: Knighty Tin who wrote (87808)	1/3/2001 10:07:57 AM
From: accountclosed	Read Replies (1) \| Respond to of 132070

fmo credit facility expansion must mean they were able to peddle successfully their survival prospects. my experience is that no matter how well secured, banks don't like work outs. and while one might say the banks were already in deep, i take this as a good sign. dailynews.yahoo.com