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Strategies & Market Trends : Sharck Soup
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To: dan6 who wrote (21843)5/10/2001 7:53:11 AM
From: Wes Stevens  Read Replies (1) of 37746
 
Dan read velo's post again. The problem is the rates you are talking about have not dropped. Go check out car and home loans - they have not come down. Part of the reason is that the fed was behind the curve and longer term rates dropped ahead of the fed dropping the the overnight rate. The other is that when things get tough, banks tighten up lending, and things are getting tough.

If the longer term rates do not drop then the fed is only helping the banks.
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