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

To: Knighty Tin who wrote (54871)	4/6/1999 6:53:00 PM
From: RealMuLan	Respond to of 132070

Mike: LOL. You are really rich in adj. words. Best.

To: Knighty Tin who wrote (54871)	4/6/1999 7:03:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 132070

MDB, you know that and I know that but when are enough other people going to figure this out to make a difference? Incidentally, I of course take complete responsibility for having arrived independently at views that coincide with yours, Fleckenstein's, Tice's, and certain others (including less obtrusively, Templeton, Buffet and even Greenspan). Like you, I am a long-time reader of Graham, Train, Dreman, Loeb, Fosback--and though you don't mention him often, Malkiel, whose publicly offered advice would have put anyone totally into the market through the 80s and then into 10% or better treasuries after that. But I am beginning to worry that the United States has such an overpowering authoritative presence in the world (far beyond what is really warranted, I think)--since the breakup of the USSR--that it is in the whole world's interest to keep the dollar strong and the US economy healthy. Kind of like supporting the Romanovs in Russia or the Louis kings in France or the Popes, or the Dalai Lama, or the Medicis in Renaissance Florence. Corrupt, but the world needs a governing elite and we are it. The European stock markets go up and down like houseboats moored in the swash from the USS United States. I think we have several tens of millions of yuppified characters aged 25-45 who are sitting on millions of dollars in Internet and Tech stocks and drawing their large salaries, and confident of perpetual employment. And so help me God, the world is treating them (and all of us) like members of the House of Saud. Sending us cheap gasoline, cheap clothes, cheap electronics, cheap Nike shoes, while our poor farmers grow us countless millions of tons of cheap food. So if this keeps up, we may just float along like teenagers with a million-dollar trust fund. All I know to do is stay totally out of debt--not even a mortgage any more--and hope to float to the top in case the excursion boat capsizes.