Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 159.13

-4.4%

Nov 11 3:59 PM EST

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To: Cary Salsberg who wrote (10462)	7/18/2002 10:42:41 AM
From: Robert Douglas	Read Replies (1) of 10921

When interest rate rise from historically low levels, will households be able to reduce debt or will the rising cost of debt service impede the economic recovery? Fixed debt like the majority of mortgages won't be impacted. Credit card debt is also quite "sticky" in its rates and they haven't come down much. Variable rate mortgages will go up and hurt spending, but don't forget that many households will benefit from higher rates on their CDs and money market funds. In times past, I have heard arguments that increased interest rates actually helps spending because of this. But don't forget this. When interest rates go up, it will be because the economy is recovering. That should make it easier for businesses and consumers to handle the higher rates.

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