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

To: ForYourEyesOnly who wrote (60390)	5/23/1999 7:10:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

"So....if/when the bubble bursts and we start heading towards deflation, the boyz gun the printing presses.....does that seem like a likely scenario?" Well they already did it, so, yes, it does seem likely. But if they are not careful, money will outrun productivity gains and then inflation sets in. Deflation or inflation or neither, stocks are outrageously over-valued (just as they were outrageously undervalued in 1981). I don't know when or how they will really correct, but it has always happened in the past. This may be a litany that I am repeating, but that's what litanies are for: to keep you focused on truth.