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: MythMan who wrote (32743)	9/23/1998 7:14:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

MM, sucker rally. I did not listen to AG's jibberish but people will have to learn the hard way that extending loans to overindebted nations only delays the inevitable. Lower rates in the U.S. won't be of much help to an overindebted consumer who did not gain 20-30 % in their mutual fund the past 12 mos ( negative wealth effect). Assuming we start to lower rates at some point the dollar will weaken. The US is the largest debtor nation and relies upon foreigners to buy our bonds like never before and as such we are not in the postion to lower rates to almost 0% like Japan. No my friend BK is real and it will be bigger than you can imagine! The bigger the boom the bigger the bust. ho ho ho Will