Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (21769)	7/27/2002 7:53:22 PM
From: smolejv@gmx.net	Read Replies (1) of 74559

>>rapid interest rate growth to retain value of US$ in the face of competition from hordes of other currencies<< Yeah, you bet. You just forgot the cost of serving the debt taken on - J6P is driving into a concrete - no, make it granite - wall with his/her SUV. And uncle AG - I hope he's got his belt fastened. >>If interest rates stay low, borrowers will go nuts when they see the bargains on offer. << Well, strike J6P out, its the bottom of the ninth and he's going obese with the weight, his/her debts are showing on his/her income. >>The effect of raising interest rates will be to rebalance supply and demand for the money<< blah blah blah: the world is deep into red since lets say 18 months. We're all in debt, even if (speaking for myself) I did not ask for it. as Milo Minderbender advertised in Catch-22 ("...and everybody got a share" ) I'll just be invited to chip in my share. Same for you. The rest of your prospectus of our common future (CDMA, QDMA, QDNA, whatever) wil have to wait for 10 to 30 years. Long live and prosper the Great Uncle AG! Koooh commmm. RegZ dj (1:40AM EST)

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