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

To: MythMan who wrote (35392)	11/6/1998 12:41:00 PM
From: Mike M2	Read Replies (3) \| Respond to of 132070

MM, we are RAZOR SHARP. The problem lies with your lack of understanding of bubble economics and inflation as defined by the austrian school. My obsession with Austrian economics is not for academic reasons but financial. The Austrian interpretation of the current bubble makes a compelling case for a secular bear market causing tough love fer de bulls. As you know my favorite austrian economist Dr. Richebacher saw the trouble in SEA in advance and clearly explained why SEA was bound to collapse in his Sept. 96 and March 97 issues WELL BEFORE THE FACT! Thailand devalued the bhat in July 97. The World Bank, IMF, most mainstream economists, Wall St., money center banks, ( AG, Bob Rubin at least publicly) never saw it coming. No MM AUSTRIAN ARE RAZOR SHARP. IMO the inevitable collapse of this bubble will discredit most mainstream economic thought and stimulate an interest in Austrian economics. By that time it will be too late to prepare fer de tough love in store fer de gullibulls. Mike