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Non-Tech : Deflation
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To: Ahda who wrote (161)11/21/2002 4:42:56 PM
From: Maurice Winn  Read Replies (1) of 621
 
Darleen, Uncle Al KBE has done more than tinker with rates! He has done a world champion cut in rates.

Don't you think that's a good thing? 'Tinkering' suggests that changing interest rates is a pointless thing to do. A lot of people seem to hang on every word and spend a lot of effort pondering interest rate moves and what effect that will have. I know interest rates have an effect on what I do - when he lowered rates, I cut my borrowing. Yes, I know that probably doesn't make sense at first glance, but it did then and in hindsight it still does.

When he starts increasing rates, I'll probably invest my money and borrow a big bunch.

Mqurice
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