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

To: Knighty Tin who wrote (40966)	12/26/1998 2:27:00 AM
From: Kerry Phineas	Read Replies (1) \| Respond to of 132070

MB, one of the things that Soros goes into in his recent book (which I have skimmed, but not read yet because he is insane and as a result a bit hard to read) is the derivative exposure of banks. Of course he thinks it is huge risk for banks away from the peripheral problem countries. I've heard a lot about this issue but would be interested in your opinion as to the risks banks face in the next few years, how its going to show up on the balance sheets, etc. TIA. Oh yeah, this note to which I'm responding discusses the risks of inflation on financial assets. Ken Fisher (the Forbes columnist), who I used to like but currently find as annoying as Laszlo Birinyi (who I recently noticed upon rereading Liars' Poker is totally excoriated in that book), goes on in his most recent article about how in his opinion the market would go up until 2001 because Clinton would pressure G-Span to provide easy money to the economy to help ensure Gore's election. Also, it seems that a lot of the new governors coming in are of the easy money variety (I don't understand the process 100%, but am under the impression that the Prez nominates the gov's of the fed, and the gov's are then approved by congress). I don't see a scenario where the Fed can ease and still avoid inflationary pressures, but would appreciate any insights you might have in this regard. TIAAgain.

To: Knighty Tin who wrote (40966)	12/26/1998 9:27:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

"Newmont and Barrick are two of the world's best managed cos." How about Placer Dome? They have been getting their production costs down steadily lower and they seem very conservatively managed--but not stuck with a two-mile deep pit and antiquated separation methods like Homestake.

To: Knighty Tin who wrote (40966)	12/26/1998 9:36:00 AM
From: accountclosed	Read Replies (3) \| Respond to of 132070

I got bored and started reading some of the 5000.00 predict the inut crash thread. Found one post of interest. The premise is that the drop will be precipitated by isp going to packet based charges. Message 6973338 What is the status of this type billing? It is an interesting idea, if not accurate. Another idea that came back to me re: inuts, which is an oldie but a goodie. Even I have posted this one before. But here goes again. All these people that say that a new era is being brought in by these stocks seem to forget that amzn sells books. about as analog/low tech as you can get. "It will change everything" seems hollow to me. These runups in every stock like zap (snake oil company :-)) that might have an internet presence, is like turning the clock back 20 years and running up everyone that announces that they are going to have a computer system.

To: Knighty Tin who wrote (40966)	12/26/1998 11:20:00 AM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Mike, hohoho you are up late are you still waiting fer Santa if he has not shown up yet you may have to wait till next year. Have you been naughty? see goldminingoutlook.com fer Steve Kaplan's tough love outlook. Among other tings he notes that on 12/22/98 da "Japanese gov't announced that they would cease direct purchase of Japanese long term gov't bonds. ... In essence, they have decided to allow their long term interest rates to approach those of most European countries." I don't know how high their rates may go but rising Japanese rates will pressure da bond and da $buck. Mike