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

To: Knighty Tin who wrote (59344)	5/14/1999 10:42:00 AM
From: valueminded	Read Replies (1) \| Respond to of 132070

Mike: I guess we agree to disagree on this one. AG will cut interest rates or once again bring up his arguement that CPI is artificilly too high. I think you can count on it. But, he only affects the short term rates by cuts. He affects long term rates by dabbling in the coupon buying market and artificially adding buying pressure to the treasuries. either 5, 10 or 30 year. He has been doing this consistantly and as long as the world thinks a strong dollar and weak native currency is good for them, then he can act with impunity. Sure have managed to smooze the rest of the world imo PS, one more prediction, the dow and nasdaq reverse from their lows and manage to get buy with only a modest (less than 0.5% loss) for the day.