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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (3946)4/8/2004 2:04:00 PM
From: Mike McFarland  Read Replies (1) of 116555
 
Somewhere between no change and up 2% immediately
must be the ideal solution. Say, up 1/2% each time,
then quarter point rises after that.

"While both options entail risk, for me, the verdict is clear-cut:
I continue to recommend that the federal funds rate be
raised immediately from 1% to 3%"

Clear-cut, ha ha. Nobody ever tries to make a moderate
argument, it is always all or nothing.

I have to say though, rates were a-lot higher in
1999, when I had my fling speculating in the stock
market. I'm not sure the stock market is really all
that hot right now compared to back then. And to be
honest, when I look at how much I have made on paper
for the appreciation of my house in the past eight
years, a pretty decent chunk was lost to interest
payments to the loan company.

All I know is that interest rates should be higher
to encourage savings over consumption. But it is
probably too late to change things now, Americans
are net net broke. That in and of itself will result
in higher rates...as I understand it, the US dollar
will be toilet paper without higher rates eventually.

Do forgive me butting in here, I am about 350 posts
behind on this thread...I'm probably out of touch
with the tone of the thread--is it still deflation?
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