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


To: Mike M2 who wrote (42296)1/5/1999 3:09:00 PM
From: Ilaine  Read Replies (2) | Respond to of 132070
 
Mike-and-Will, thanks for link, finally something I can really use, I have been looking everywhere for a front-closure underwire bra!<g>

Actually, the economic information was good, too, and seemed responsive to the points I was making yesterday:

>>>>>I have always wondered what would have happened if, in 1929, the Federal Reserve had really stepped on the monetary gas to avert a fall crash, rather than raise interest rates in the spring of 1929 and lower them only after the Crash had occurred. Would the Roaring Twenties' bubble have gotten even bigger? Would easier money have softened the Great Depression by giving people the feeling of affluence and keeping their spirits high?<<<<<

Like the man says, we shall see.




To: Mike M2 who wrote (42296)1/6/1999 12:03:00 PM
From: Knighty Tin  Respond to of 132070
 
Mike, But what you miss is that PE ratios no longer matter. Cramer told us that today. You buy because they are going up. Period. Nick says it will be worse than the 1930s, but the bulls say they will hold the equivalent of from 1929 to 1952 to break even. Because they are in for the long haul. <G> Watch 'em run like scalded hounds if the market drops just 20%. They did last summer until Alan ran the presses 8 days a week.

MB