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

To: Mike M2 who wrote (33556)	10/8/1998 12:21:00 PM
From: Knighty Tin	Respond to of 132070

Mike, I love that Attitude Chicken. -g- I didn't see Nagourney on CNBS. Did they give a lot of caveats when he spoke, as they do with most bears? I haved loved this road trip, where they interview all the average maroons and ask them if they're frightened by the volatility. "Duh, not me, Joe, I watch CNBS. I'm too dumb to be frightened." -g- Whoops, I watch BubbleVision, too, so I guess I shouldn't call all the viewers maroons. MB

To: Mike M2 who wrote (33556)	10/8/1998 3:31:00 PM
From: Skeeter Bug	Respond to of 132070

cnbc = can never be correct.

To: Mike M2 who wrote (33556)	10/10/1998 3:10:00 PM
From: Thomas M.	Respond to of 132070

I saw the Nagourney interview, and it was a nice segment. He gave the total value of the credit market as $22 trillion, and the GDP as $8.4 trillion, giving a 260% ratio. The low on the chart was 1950, at 128%. He said the ratio is now near 1929 levels. Then, he went into a little spiel about how the debt levels have fueled investment, to diminishing returns, which has led to our overcapacity situation. Nothing we don't know, but the figures were nice to see, and it was good to see this on CNBS. Tom