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

To: Joan Osland Graffius who wrote (60332)	5/22/1999 4:19:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Joan, The best rumors I've heard so far are from Fleck in his The Rap piece of last night. The submerging countries seem to be stretching to find liquidity. Argentina is the lead name mentioned, but one of my favorites, The Philippines, had a tough week partially based upon lack of liquidity. An interesting letter in Barron's mentions that the reason central banks are selling gold is because they need the money, and that is the G7 countries. It looks like we are setting up for another summer of credit dodge ball. <g> I am thinking about June and July 106s on the next up day. They are cheap and have a solid chance of coming true.