New US Economy Policy Message Board

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Strategies & Market Trends : New US Economy Policy

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To: Arthur Tang who wrote (288)	7/19/2001 8:14:33 AM
From: Arthur Tang	Read Replies (1) of 435

Fallacy of economical expectations on Wall street? Or is everything ill blamed on interest rate policy of the FEDs? Low interest rates which does not translate to long term mortgage rates will not help to build the wealth of America. Currently, the FEDs' fund rate is low but it only helps the bank sector to recover from the higher rates that the FEDs foolishly imposed on healthy banks, not too long ago. What wall street failed to realize is the problem of devaluated 401k accounts which will stop inflow of money to Wall street. This has a more serious effect on the health of all the Wall street firms. The economy after all is the wealth of American; and the money they passed around. You don't build wealth, you don't have a good economy. We are building them(wealth) in real estate and liquid securities, first. Then we worry about planned obsolescence and replacement, where all the small changes go.

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