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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (44314)	8/7/2003 3:31:29 AM
From: IQBAL LATIF	Read Replies (1) of 50167

Wednesday, August 06, 2003Will rising interest rates choke off the recovery? The ECM has predicted an end to the housing boom. How about investment? Will it recover, or be choked off by rising interest rates? Best guess right now is things will be more or less okay. ECM forecasts mortgage rates leveling off faster than the bond rate, and this seems to allow the acceptable and perhaps robust investment recovery generated by restored profitability. econopundit.com

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