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Politics : High Tolerance Plasticity
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To: cnyndwllr who wrote (10190)11/4/2001 1:40:20 PM
From: energyplay  Read Replies (2) of 23153
 
>>>"What's the good news on the economic front?"<<<

1) Lower long bond interest (manipulation courtesy of Peter Fischer of the Federal Reserve & Paul O'Neil of Treasury .) will result in lower mortgage interest - if you have a jobe next year, you can refi for much lower payments - we may see 30 year mortgages down below 5%. For some one wtih a 7% mortage today, that can be a big saving. This money will pay down consumer debt, and start to restore some consumer spending.

2) Medical, biotech, and pharmacetutical advances. The market is still growing as the population ages. The sector is a little higher priced than I would like to see, but most comapnies will keep making their numbers, and keep growing.

Other than those two items, I don't see much good news either.
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