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

To: Mike M2 who wrote (26007)	2/13/1998 5:19:00 PM
From: Knighty Tin	Respond to of 132070

Mike, We could all be paranoid about MU's teflon capabilities. After all, they are down 65 pct. from the peak during the greatest bull market in history. I have a cartoon view of the derivatives situation, with 20,000 Jim Jetts hiding contracts in desk drawers under the fake doggie doo. If one topples, and it is the size of Barings, they can handle that. But if all the South Korean banks or all the Indonesian banks decide to say their contracts are not valid, then the whole system could crash and burn. Then we'll some inflation followed by big deflation. MB