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

To: Knighty Tin who wrote (58391)	5/2/1999 9:23:00 PM
From: Tommaso	Respond to of 132070

Well, you have spelled out quantitatively what my gut reactions are when I look at various economic data (interest rates, dividend yields, P/Es, book values, inflation rate, oil prices, debt growth, and so on). What I really don't like is the prospect of the capitalistic system being so badly damaged when all this speculation unwinds that we enter a period of stagnation like Japan or like the US before WW II restored demand. I guess the only thing to do will be to abandon the financial markets and take up something really interesting. In fact, my grandfather did just that about 1934, buying dirt cheap land in Florida and planting orange trees on it. And I mean, doing some of it physically, himself.By 1952 it was paying him more than his medical practice. If the next generation had only held the land, it is now expensive subdivisions near Disney World.

To: Knighty Tin who wrote (58391)	5/3/1999 9:20:00 AM
From: re3	Read Replies (1) \| Respond to of 132070

but, Michael, you seem to think interest rates wil rise...so following my nose, I should be in COLD HARD CASH... i.e. letting my money RELAX... which is by the way something Jerry Seinfeld said he wanted for his money on the show... comments... H