New US Economy Policy Message Board

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Strategies & Market Trends : New US Economy Policy

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To: Arthur Tang who wrote (77)	11/11/1997 11:06:00 AM
From: Arthur Tang	Read Replies (1) of 435

The new economy and the International monetary Fund. IMF is totally out of the current economical revolution. They are still practicing top down economy. Recent advice to the far east countries were all damaging to the countries with problems. Domestic interest rates were told to be raised to defend their currencies. Currencies will be worthless, when inflation from cost of money increase, catches up with the declining economy. Russia was told to increase their interest rate to 28%, Even the mafia charges less compound interests( mafia deals with daily interest rates, if compounded; all the customers will be in the river ). So, the results in Russia will be 28% interest on U.S. dollar loans. Rubbles will be devalued even more. No one wants rubbles as loan payments because it is of no steady value. Russia should instead go down to 16%(same as Mexico) from the current 21%, then to 6-7% ultimately. The interest rate changes destabilize the world economy; and must be strictly confined to a standard (U.S. interest rate model currently is the most ideal in the world; except for prime rate which could and must be lowered).

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