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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Crimson Ghost who wrote (174582)6/22/2002 1:09:56 PM
From: benwood   of 436258
 
I agree that when interest rates spike, it will be sudden and it will be a fairly big move, and it will end the refinance boom, the inflated first mortgage boom, and quickly prick the real estate bubble. I think it's timing will be very close to when Roach suddenly is in the majority with his thinking of double dip recession. I think this time is fairly close, too. I think there will be a follow on move to lower rates, but that it will be of no use, same as it did not help the US equity markets after March of 2000, and also how it has not helped Japan for the past 12 years and counting.
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