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

To: Mama Bear who wrote (32742)	9/23/1998 4:01:00 PM
From: yard_man	Read Replies (1) \| Respond to of 132070

Everybody got on the bus today. Only question is where are they going?

To: Mama Bear who wrote (32742)	9/24/1998 1:33:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Barb, What you are missing is an error in logic on the part of the bulls. They do not care about earnings or dividends. What they see is that Alan G. will be forced to keep the credit flowing full speed. Since we have overcapacity, the extra credit will be spent on speculations, as it has all during this bubble. So, net, net, we will have little investment in the economy, but lots of investment in financial paper. So, short term rally, long term, all the speculators get carried out on stretchers. Unless, of course, as in the case of Long Term Credit, our tax dollars bail out the guys who speculate. In which case, we all get to suffer, not just the reckless. I considered his speech extremely bearish for the US economy. But bulls are saying, who cares about that fundamental crap. Will there be gamblers with cash coming to the table? That is there concern. MB