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Strategies & Market Trends : Waiting for the big Kahuna

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To: Defrocked who wrote (11127)12/9/1997 6:15:00 AM
From: Bilow  Read Replies (2) of 94695
 
Hi Defrocked; Yeah those govt bond rates back in the gold era
were pretty low...

The thing that p:&&#& me off is that people don't realize how high
real interest rates force people to look only at short term
consequences. I hope that the debacle in Japan isn't blamed
on the low interest rates that allowed their companies to look
long term. Instead, their problem was speculation in stocks
and real estate, same as everybody else's.

-- Carl
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