Fahrenheit 9/11: Michael Moore's Masterpiece Message Board

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Politics : Fahrenheit 9/11: Michael Moore's Masterpiece

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To: Jill who wrote (846)	6/28/2004 7:03:27 PM
From: Jim Willie CB	of 2772

even slightly higher interest rates will slow the economy and hurt Bushy, aka the Idiot Prince the impact of higher rates will be both sudden and amplified because it shows up immediately in home equity loans, in mastercards, and in vendor finance deals also, the amplification comes from the extreme dependence in the financial markets AND the real economy we had a violent bond revolt this spring WITHOUT any announced official Fed actions imagine what happens when they do hike the slowdown will be very quick in 1999 we had several rate hikes, and got a stock bust, a telecom bond bust, and a recession expect the same, TIMES 3-4 on Monday report, I put together a comparison "A WALK PAST 1994 MEMORY LANE" on Financial Sense some nice graphs in a pictorial walk to expose key risks, which are much much greater than in 1994 these have political impacts ultimately financialsense.com / jim

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