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

To: yard_man who wrote (41326)	12/30/1998 1:11:00 AM
From: Shane M	Read Replies (4) \| Respond to of 132070

tippet, I guess I'm just not as cynical towards AG as most on the thread. He is aware of the market bubble and has tried to talk down valuations on several occassions. I feel he honestly thinks he's pursuing the best course of action to balance concerns of full employment and low inflation. I'm certainly not smart enough to second-guess him <g>. I would love to see the market bubble disappear, but I don't want him to kill the economy to do it, especially if inflation is under control. To me the economy seems to be running very well. Consumer debt is high, but otherwise I'm glad to see things going so well in the country. I'm curious, if the stock market was not so high would you feel AG was doing a bad job? And do you feel a collapse of the bubble threatens economic well being - i.e. is the misallocation of equity serious enough to threaten the economy? Thanks for comments. Just unsure of how heavily AG should weight the market bubble, compared to other responsibilities of full employment and consumer prices. Shane