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

To: Mike M2 who wrote (52450)	3/18/1999 11:41:00 AM
From: Peter Singleton	Respond to of 132070

Mike, you're missin' da point. If you got a lotta debt, borrow money to pay it back. If you can't pay the interest, borrow some more. btw, did you see the Fed adding reserves again today? oh, I guess that's not news ... they add reserves every day. <ng> Peter

To: Mike M2 who wrote (52450)	3/18/1999 11:55:00 AM
From: valueminded	Read Replies (4) \| Respond to of 132070

William/All I have a simple solution to the eventual credit implosion. Since we cavalierly (as a nation) talk about bankruptcies, once the implosion hits, all the overleveraged declare bankruptcy - and we can once again continue to expand our money supply at a double digit rate. <g> Well maybe some of debt holders get a little ticked off but... Now a question. If our money supply has been expanding at double digit rates, why are interest rates (long term) stable or lower than they were a year ago ? thanks