MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 10 4:00 PM EST

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To: pater tenebrarum who wrote (52771)	6/2/2000 8:38:00 AM
From: Madharry	Read Replies (1) of 99985

People have cash and banks are taking it on the chin, as is small nonpublic business with borrowing needs. Raising rates, which end up putting small companies out of business is not going to raise employment. I have just found out that I can move my local checking account which is paying 1% to an internet account which will pay me 4.75%. The money market account -federally insured pays even better. I believe that we continue to see less and less people employed by banks. These interest rate boosts are just crazy. I believe here systemic structural unemployment in the system. The labor shortages are those of either minimal wage jobs or structural issues. Neither will be favorably affected by interest rates.

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