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

To: Wildstar who wrote (48453)	2/23/1999 2:45:00 PM
From: wlheatmoon	Read Replies (1) \| Respond to of 132070

Maybe AG just giving himself a way out of this mess when the bubble pops. If that occurs, he can say, "Well, what exactly do you mean by a bubble? Oh, you mean OUR STOCK MARKET WAS IN A BUBBLE? See, I didn't know it was a bubble, otherwise, I might have been able to do something about it. So, it was not my fault nor was it ever my fault to have kept the bubble propped up so long. Because, I didn't know that's what you meant by a bubble." :-)

To: Wildstar who wrote (48453)	2/23/1999 4:23:00 PM
From: Ed Beers	Respond to of 132070

AG's answer certainly seems a prudent answer for a man walking around with a needle in hand. If he should somehow pop it, then "It was just a bubble anyway." >>>"I think I have an answer now, in that it's very difficult to judge, except in retrospect. If any stock market ... falls by 30 or 40 percent in a matter of weeks or a very few months I will grant that there was a bubble back there. The issue of trying to identify a bubble in advance means you have to be confident enough to predict a decline of that order of magnitude, and I don't know anyone who knows how to do that. <<<