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

To: Tommaso who wrote (44651)	1/27/1999 11:16:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

T, Now I'm scared. Too many people are noticing what is really happening with this new pair of counterfeit dimes. <G> MB

To: Tommaso who wrote (44651)	1/27/1999 12:58:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 132070

Tommaso: you assume the fed will do something about inflation. I believe the fed has changed policies...it thinks that hiking interest rates actually causes inflation, its corporate buddies are helping to control inflation by offering predatory-priced products to the CPI, and all it has to do is rebalance the CPI numbers and all is well. Voila, there is no inflation. And falling dollar...the question to ask is, falling against what currency? And do we care? Our biggest trading partners are Canada and Mexico...They're both in worse debt than the U.S. IMHO we already had a severe decline in equities...BEARX failed you...there are 30 stocks holding up the index and everything else is/has been trashed. Most stocks (80%) are smallcap...and smallcap value is in a serious bear market. The BIG question is why all the money supply went to Microsoft and its support stocks..including the net stocks...Msft, Csco and Intc all own those net stocks and the net bubble elevates the prices of the big guys...but nobody is asking the question about the fed's IV drip of money juice into the veins of the Nas to prop up Goldman Sach's wunderkind. The prudent observer notes that the biggest inflationary increase has been seen in urban housing...and the feds have chosen to deem this as an "asset bubble" rather than an inflationary factor. The feds average the housing cost numbers over several years to remove the inflationary effect.