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

To: yard_man who wrote (34608)	10/27/1998 9:53:00 AM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Tippet, some people have to learn the hard way-that is why they invented tough love -it is fer those who don't want to listen. Market participants should listen to history look at the U.S. during the 20's look at SEA bubble which burst and look at how Japan's economy cannot be stimulated by lower rates. Every bubble in the past has collapsed it is only a matter of time. Depressions are a time to liquidate debt and capacity it is payback time for the excesses created during the prior boom. The Austrians believe that the boom/bust cycle is caused by Central Bank manipulation of interest rates instead of letting the market set rates. Remember supply and demand. The Austrians also believe that the world is in fer a most severe dose of tough love -it is unavoidable. The only question is when. Will believes the time frame is a matter of months. ho ho ho Mike