Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Merritt who wrote (43752)	1/18/1999 11:34:00 AM
From: Knighty Tin	Respond to of 132070

Merritt, Interesting article. I agree with much of it and that is why I am long Mexico Fund calls. However, I think the guy, as correct as he may be on LA, is totally off the wall on the US economy. He mentions that the US economy is a roaring engine. But that is because of what Richebacher calls the most rampant credit and money expansion in history. That has caused the asset inflation and requires ever higher levels of growth, over time, not necessarily in any one reporting period, to sustain it. I don't think that is positive for the US long term, as it has caused great indebtedness and massive, unbalanced asset inflation. How that works out relative to LA is the question I haven't answered to my own satisfaction, yet, which is why I am long calls and not stock. MB