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

To: J. P. who wrote (52393)	3/17/1999 6:17:00 PM
From: Knighty Tin	Respond to of 132070

JP, CC, like Worst Buy, has shifted the biz away from pcs. I noticed the ad this Sunday had refrigerators on the cover. And, with home sales going very well, in fact, running at a manic pace, they should be doing very well currently. Most folks want a fridge and a stove and a microwave and a tv. That being said, I hate the consumer durables nearly as much as I hate pcs. This housing boom is totally due to debt being easy as pie to get, and that cannot continue forever. But, to put it in perspective, I never thought the Fed would allow it to continue this long. All the financial institutions borrowing short to lend long will eventually kill the boom. I just don't know if it will be in time for puts right now. MB