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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Chip McVickar who wrote (2948)	1/9/2001 11:18:26 PM
From: Stoctrash	Read Replies (1) of 3536

<USA rates to remain high, > Chip, why do you feel this way? The FED just did an emergency cut, econ is slowing fast....why would rates be going up?? Do you think the FED is done and wants to protect the dollar?? For example, a friend at the local bank told me today that since the rate drop their loan & refi biz has show no material increase, a few more phone calls but nobody ready or willing to step up to the plate. My feeling is most who wanted and could build, buy/spend the last few years have done so and it will take a major shift in rates to entice spenders again. The drop in equities is also a major factor here, J6P see's his new "house fund" that was growing just fine in stocks is now 50% of where it was in March. No new pickup truck, no new house, etc.. Speaking of cars, that 0.9% financing worked for a few years to keep sales numbers rolling. They were basically giving them things away,, now they can't even do that. Supply demand to me says rates gunna $heeeet the bed down down down..... I guess we call this the economic cycle!! <GGG>

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