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

To: geewiz who wrote (28026)	5/7/1998 5:29:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Art, I knew Bob when he was working for Goldman. Nice guy, actually. The only reason I knew him was that my broker's assistant was named Barb Reuben. If I called and the broker wasn't there, they paged Barb. Every once in a while, Bob picked up. I teased him about his deep voice for a woman. <G> Anyway, DRAM keeps falling in price as supply is a mountain and demand is an ant hill. That, of course, is why MU is up. Nutso. Compaq is going to pull the huge writeoff/we beat the estimate scam, so that stock is up. I still don't know why the world hasn't figured out IBM. They aren't even doing well by today's loose standards of accounting. Mirage is somewhat unique in that it flies jumbo jets of high rollers in from Asia to play baccarat. That is almost like trading profits at a brokerage firm. Longer term, it is good business, but you never know what the win is going to be. And, now, many are staying home in droves. The other casinos have more reliance on the US economic bubble. Productivity stinks and has stunk since Alan became Fed Chairman. And even the lousy numbers are way overstated due to confusion on the measurement of technology productivity. If a DRAM that costs $12 is 64 Mbit today when it was 4 Mbit 5 years ago, that counts as an 16-fold increase in productivity. And you and I know that is nonsensical. Without the overstated tech contribution, there is almost no productivity growth in the US economy. MB