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

To: Thomas M. who wrote (23857)	10/22/1997 2:00:00 PM
From: Mike M2	Respond to of 132070

Tom, you did not ask for my opinion but here it is.-g- While what mr. Bolinger says may be true I cannot see AG easing unless the equity mkts come down significantly. AG must be aware that a rate cut would create further irrational exuberance in the stk mkt. I am surprised that AG has not already hiked to cool the mkts using the preemptive strike against inflation excuse. Mike

To: Thomas M. who wrote (23857)	10/23/1997 12:02:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Tom, I absolutely believe that most utilities will decouple from bonds because their yields are getting crappier by the minute. I do not believe in a shortage of electrical power nor do I like utils long term. Living in a competitive world is not something most of these guys know how to do. I don't think the Fed cares about where Bills are trading right now. There main concern is the huge financial inflation they have caused and I don't see them pouring more gasoline on that fire in the near future. Only a market meltdown will get them to goose the market more, IMHO. MB