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

To: Knighty Tin who wrote (25038)	12/10/1997 12:59:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

Michael, >>That will happen when Crazy Alan lowers rates despite huge asset inflation I have some 30 year bonds at 6.5% and have been thinking of buying more. The down side is if BOJ starts selling on the open market. Sounds like you think AG will have to lower rates. Would you mind give me your reasons for this action. Joan

To: Knighty Tin who wrote (25038)	12/10/1997 8:40:00 PM
From: Jonathan P. Myers	Respond to of 132070

Mike: I lifted this from geocities.com . Looks like gold & gold mining stocks are getting more & more attractive. Timing the bottom will be difficult, though - any thoughts? Gavyn Davies, chief international economist of Goldman Sachs International, stated that the impact of the Asian economic crisis on the world economy is likely to be greater than current estimates allowed. According to Davies, there will be a deterioration in the U.S. net trade position as Asian economies with devalued currencies boost their current account balances. "It would be my main worry about 1998 that these trade imbalances were going to cause trouble and unhinge the dollar," he said. [It is interesting that so few analysts have considered the impact that weaker third-world currencies will have on the U.S. trade deficit and the future of the dollar as a result.]