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To: AurumRabosa who wrote (2281)10/4/1999 2:08:00 PM
From: JPLoos  Read Replies (2) of 15615
 
I do not agree with your statement "rates may be higher next year". Here is why.

One of the easiest ways to look at the economy is by analyzing the Demographics of a country. The U.S. has been fueled by the Baby Boomer's spending habits. The theory I have heard and buy into is as follows.

The typical U.S. citizen does the majority of his or her spending between the ages of 49 - 62 years of age. During this point in an individuals life he or she purchases expensive cars, second homes, dream vacations and an assortment of other things. The statistics within the Baby Boomer generation indicates three distinct groups. The first two groups have already joined the ranks of big spenders but the third and largest group is just now joining in the fun.

For this reason alone I think the interest rates will remain low if not lower. The only thing that could screw up the economy is a wacky policy.

Besides Auto sales which typically are the first indication of a weakening economy have been steadily rising.
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