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


To: Mama Bear who wrote (58720)5/6/1999 1:47:00 PM
From: Freedom Fighter  Read Replies (2) | Respond to of 132070
 
Mama Bear

>>"The touts keep raising the bar on what interest rate will cause problems. It was 5.4, then 5.5, surely 5.75 and now 6%..." <<

This is another of an endless list of comments, spins, interpretations of data, etc... that suggests just how "greed based" Wall St. is. Most of "the street" doesn't care what the values are, how many people get sucked into this bubble, how much financial damage they cause to the general public and what the economic impact is to the country as long as the deals, commissions, trading profits, bonuses etc... keep rolling in and that "special" IPO gets done. They will keep encouraging it until it blows up.

Think I'm too grouchy? <g>

Wayne