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

To: Ted David who wrote (43756)	1/17/1999 8:14:00 PM
From: Tommaso	Respond to of 132070

Have you seen (either referenced here, or on newsstands) the U. S. News and World Report stories this week? usnews.com usnews.com Are you aware that these valuations of the so-called Internet stocks are beyond anything ever seen before in the United States stock markets, and that to find anything similar you have to go back to the South Sea Bubble of about 1720? To say this is simply to make a true statement, calmly--not rhetoric, exaggeration, over-excitement, panic,outrage, or a desire for publicity. History is being made, and the most important part is probably not by what's going on in the Senate. The end of the world is not at hand, but something very remarkable is happening in the economic arrangements of the United States. The shame is that John Kenneth Galbraith, Professor of Economics at Harvard for many years and author of _The Great Crash_, is in his nineties and although he recognizes what's going on, is not listened to, even though he has pronounced on this. If the President were not so taken up with other things, he might be listening to Galbraith, among others, towards whom his political and economic upbringing dispose him.

To: Ted David who wrote (43756)	1/17/1999 8:25:00 PM
From: Bonnie Bear	Respond to of 132070

Ted: Thanks for having the courage to post here..you have a tough job and do it well... CNBC has done a decent job presenting the market...I really like Susan Byrne and Ron Muhlenkamp as guests, the bond market reporting and TA is fine, the "stocks for the masses" reporting is probably accurate even if we think it's lunacy. The thing I find missing is the "why"... I never hear reports about money flows that are consistent with other sources...Maria tells us about "foreign investors" without any details...and we hear about the fed liquidity actions after the information has lost its value. Many people on this thread know the real market is increasingly a derivatives market, and the stock and bond market go along for the ride...but there's an absence of information on the subject. We hear about the effects but not the causes. It might be useful for CNBC to talk about the derivatives market before the next hedge fund meltdown. Or bank meltdown. We know that it is inevitable, it would be useful to hear about it. I get the "what" on CNBC....but I get more of the "why" on Fox.

To: Ted David who wrote (43756)	1/17/1999 11:39:00 PM
From: yard_man	Respond to of 132070

I agree completely ... I've found the occasional useful tidbit here CNBC, on the other hand, the few times I've watched, I've found it to be useful only when I felt like watching a ticker :-) ... no joke