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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (16931)2/8/2004 6:49:13 PM
From: TradeliteRead Replies (1) of 306849
 
<<We're at the end of the line with interest rates etc so it can't go on much longer. But are we going to get a bear market tomorrow? I doubt it>>

I don't know if anyone else follows CD interest rates as closely as I do, but I notice some banks in my area are REALLY and SERIOUSLY seeking long-term deposits by offering some slightly improving rates. On a national level, I have read hints about the same thing.

Don't labor too long under the impression that Greenspan has much to do with the cost of money at the "local" level. When banks need money to lend and have demand for loans, they raise their long-term interest-rate offerings and loosen the terms, which is good for savers.
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