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

To: Knighty Tin who wrote (59404)	5/15/1999 8:49:00 AM
From: re3	Read Replies (1) \| Respond to of 132070

Hi Michael...love that mu poot club... Michael...say a person was looking for safe yield from a long term bond and didn't want to trade in and out... would you think buying a 30 yr bond at 6 % and leaving it alone would be prudent...i.e just buy on monday or should a person wait...I am thinking this would be for a person who would not trade the bond unless, say it dipped to 5 or 4.5 %, i.e. a major move... thanks Howard

To: Knighty Tin who wrote (59404)	5/21/1999 3:58:00 PM
From: BSGrinder	Read Replies (2) \| Respond to of 132070

Michael, I like your comparison to the 1930's, but it seems to me that we have to get there from here with some dramatic turning point in confidence. The inflexion point in the 30's was the 1929 stock market crash. I presume you are looking for a similar event to lead to the credit disaster you describe. But since high interest rates are the only thing that the raging bulls ever admit to be bad for the stock market, won't rates have to go up enough to pop the equity bubble before credit can really crash? Thanks for your thoughts, /Kit