The fear, we saw was 6%, now Greed at the FED sets in for 6.5% to have more money to loan out at the preferred discount rate, which they want to use to bail out Asia and its bribery savaged banking and political and IMF system. All this talk today of Indonesian and Japan and other "Recovery" in Asia is just a plumb for importers, our exporters are not helped, nor hurt. This is culture more than price, lets not wreck our economy on the false hope that our "importers" can open the doors to asia. The sooner we learn, the sooner Greenspan will have to let the interest rates remain low. Now he only keeps them low to help asia, but threatens to raise them to curb the threat of an "over heated" US Economy. Do you think the US economy is "OVER" heated. I think we are just getting going. GNET survived the 6%, but all this Next step posturing being done now at 6.5% is more, I think anyway, than GNET is prepared for, despite the TESTING recently all the way to $90. Today was a good sign, but we may need to Thank Paine Webber. Ditto for the other Internets. The Old Manufacturing base and Matured Service Economy needs to move over for the efficiency of the Internet Modeled Economy. A Country or Central Bank system that executes policy to save golden cows, becomes, much like the old Centrally Planned Communist Countries ala USSR, that fell apart eventually, because while politicians LOVE centralized power, a decentralized economy is the only kind that really works efficiently, and the Internet, I believe, is a decentralized, and NOT Centralized model.
And interest rates need to be low, to be fluid, to fill the need for capital as the need arises in a growing new decentralized Internet Economic Model. -IMHO.
I am,
Truly yours,
-Crystal ball |
