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

To: Mike M2 who wrote (58987)	5/10/1999 12:54:00 PM
From: Freedom Fighter	Respond to of 132070

Mike >>I would disagree with him about AG ever raising rates. Mike << I agree with you Mike. He has demonstrated his view quite clearly in recent years. It his not his job to to run monetary policy based on asset prices no matter how high they get, no matter how much danger they present for the economy, and no matter how much public savings may be lost eventually. It is only his job to bail out Wall St. dealers and bankers whenever the financial bubble threatens to burst and they are on the wrong side of it. <g> Wayne

To: Mike M2 who wrote (58987)	5/10/1999 1:13:00 PM
From: Don Lloyd	Read Replies (2) \| Respond to of 132070

Mike - (To all, newaus.com.au The latest Gerald Jackson for an austrian perspective. I would disagree with him about AG ever raising rates. ) If it is true that a large part of the U.S. bubble is due to Japanese capital inflows, and the yen carry trade, raising U.S. rates would only make things worse by increasing the yen/dollar ratio. This flow needs to be reduced by a Japanese consumer recovery and increased interest rates in Japan. Regards, Don