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

To: Mike M2 who wrote (88633)	1/18/2001 11:47:55 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Great read prudentbear.com

To: Mike M2 who wrote (88633)	1/19/2001 10:06:47 AM
From: Thomas M.	Read Replies (4) \| Respond to of 132070

Jim Rogers is scheduled for an appearance on CNBS tonight (Market Week 7:30-8:00 PM EST). I'll be interested to hear his thoughts, as he's been away for a while. Tom

To: Mike M2 who wrote (88633)	1/19/2001 12:06:18 PM
From: Thomas M.	Read Replies (2) \| Respond to of 132070

>>> If the sudden, rapid slowdown both of consumer and corporate spending appears awesome, even more awesome is the speed with which the American financial system has shifted from unfettered credit excess to a nascent credit crunch, even though excess reserves of the banking system are at a higher-than-usual level. Evidence of a developing credit crunch is all of a sudden everywhere. What’s behind the shift? Given the ample supply of bank reserves, it’s obviously not Fed action that has caused this dramatic change in the financial climate. Its apparent main cause must essentially be a fundamental reassessment of risk throughout the economy, triggered by escalating, alarming news of bond defaults and bad bank loans. <<< Boys and girls, can you say, "pushing on a string"? -g- Tom