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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mark Adams who wrote (108396)6/13/2001 12:05:49 AM
From: B.REVERE  Read Replies (1) of 436258
 
I believe mortgage rates in 1980 ran 2-4% points higher on
conventional mortgages than they do now. If the delinquincy rate is rising at these low rates, the economy is in much worse shape than the b/s reports put out by governmental
agencies. Don't want the still employed to stop spending,
do we?

The market is a discounting mechanism, so we are told, by the mavens of wall street. Don't worry, be happy, the market has never failed to forecast a better economy ahead. Why, just 10 months ago, the nasdaq rallied a 1000 points off its lows to 4000, predicting the certain economic pick-up nine months hence, about right now, I believe. Nice call, another tired cliche down the tubes.

Well, no soup for you! Nextttttttttttt.

Later,
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