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

To: Knighty Tin who wrote (59336)	5/15/1999 2:20:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Barron's review. Bits and pieces of value in a sea of blah. Don't buy it except for the statistical pages. 1. Abelson's comment about Larry Summers is terrific: "We're a mite bemused by the fact that Mr. Summers is invariably described as 'brilliant' and as 'the star of the Harvard economics faculty.' Which is it?" <g> Further comments about offering bad advice to the Japanese but doing so so obnoxiously that they would never follow it, and his stint at The World Bank, where he recommended dumping toxic waste in low wage countries were also interesting. 2. Abelson's quote of the letter from Tony Pace, a hedge fund mgr., is almost worth the price of the rag. Very funny satire about the fact that the truly stupid are outperforming anyone who knows anything. 3. In "Review and Preview," foreign banks are worried that Japan may single them out for prosecution of their illegal activities. Hey, I've got a radical idea. Obey the friggin' law. <g> 4. Jaguar tops the list of a quality survey by J.D. Powers, which means that I will never pay any attention to them again. <g> However, since it is only a survey of problems within the first 90 days, it is somewhat of a non-event. Yes, Jag has improved from terrible to acceptable, but it is still a Ford product. It is not Honda or Mercedes. Kia rates the worst. Among cars a reasonable person might buy without thinking, Volkswagen was pretty bad. 5. A couple of bright but incredibly boring hedge fund managers. Good picks if you can stay awake long enough to read them. One of them I knew from his Dallas days. 6. "Setting a Bull Trap" says this isn't 1929 or 1972. It's 1874. And, no, I didn't invest during that crash. <g>