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

To: Knighty Tin who wrote (34093)	10/17/1998 4:43:00 PM
From: Howard Henick	Read Replies (1) \| Respond to of 132070

Mike - Long time no speak. Have been awfully busy at work, now at Morgan Stanley. I still love you but strongly disagree with your views that rates are heading higher (perhaps in the second half of next year after the Fed changes course from the then 4% fed funds rate because of the economies re-acceleration, but short rates will go lower first and the curve will steepen lots) and about your talk of stagflation (that was the last war; look to fight the NEXT one not the last one, deflation is still the bigger concern and what AG rightly is striving to fight off). Nevertheless, I still strongly respect your views on CEFS and wonder which of the 3 India funds you recommend. I want to buy India but am trying to determine the best vehicle to express it. Also am curious as to your favorite put or short plays. My favorite stocks here are thrifts at 75% of book value (mostly new issues with cash), beaten down biotechs (XOMA, CTRX, IMGN) and selective beaten down REIT preferred like Capstead preferred series B. Hope all is well with you. Regards - Howard