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

To: Fred B. who wrote (59776)	5/19/1999 3:40:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Fred, >>but low unemployment with low inflation with a steady GDP growth are actually GOOD things!!<< Except when the policies used to achieve them are unsustainable and likely to lead to serious long term economic consequences that none of us will be too pleased with. It's sort of like the weight lifter on steroids who breaks all the records only to die of liver and brain cancer at the height of his glory.

To: Fred B. who wrote (59776)	5/19/1999 4:08:00 PM
From: JBW	Read Replies (1) \| Respond to of 132070

Fred, All I know(and I don't know much) is that if I had bought DELL and CPQ puts as advocated by M.Burke I would have made a bunch of money. As I was going to Japan for two weeks I decided to wait till I returned. Bad decision. And of course the next time it could go the other way. The fact is that if AG hadn't dropped rates in early Oct. a lot of Bulls would have a whole different outlook. Quit acting like a stock is a member of your family when a neg. comment is made. These things are up-down on a regular basis. Its knowing when thats rough. And profitable. Nothing goes in one direction forever. JBW

To: Fred B. who wrote (59776)	5/19/1999 5:38:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Fred, Here is your simple remedial course in Greenspan economics. If you max out your credit cards, the grocer remains employed, you are probably living better, and inflation does not go up because the rest of the world is in recession and you are running a huge trade deficit with them. If you continue to get new lines of credit forever, you can live this well until you die, which can never happen in this scenario. It is a good scam. However, many of us think that some day you either run out of suckers to lend you money at low rates and the bills will have to be paid on the great Greenspan credit bubble. You obviously think America can borrow forever and run ever expanding trade deficits forever and never have to pay for living beyond its means. It is two different philosophies. Mine is realistic and yours is total fantasy. We will see which pans out.