Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Terry D who wrote (32356)	9/8/1998 10:49:00 AM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Terry, read Barron's interview with Marc Faber 8/31/98 among other things he addresses the popular misconception that monetary ease is a magic tonic. BTW Marc Faber was one of the few people who foresaw the problems in SEA and even he is shocked by the magnitude of the breakdown there. Monetary ease has not helped Japan - a classic case of " pushing on a string." The US would like us to believe that the root cause is Japanese policy mistakes and if they listen to the US things would improve but that is nonsense. This weekend Barron's is excellent see Randy Forsyth p.55 also see Hickey/Fleckenstein interview and David Tice. Mike

To: Terry D who wrote (32356)	9/8/1998 12:11:00 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

TD, I only care in that the announcement, like the rumor today, would cause a quick sucker's rally and allow me to replenish my depleted put portfolio. As the guy in Barron's said: "All the Fed can do by lowering rates is persuade Micron to build another Dram fab that nobody wants or needs." <G> The problem is worldwide overcapacity. Lower rates in the largest economy in the world does not solve that problem. If fact, it will make it worse. MB