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Strategies & Market Trends : Three Amigos Stock Thread

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To: Redhead who wrote (8295)	9/2/1998 2:11:00 PM
From: Ken W	Read Replies (1) of 29382

Redhead, If I may butt in for just a second and offer a view as to why Greenie will not drop the rate. Credit spending is at an all time high. Credit card co's are sending heavy plastic to teenagers, low income, and even my 21 year old son. He has so much debt he can't afford to feed his dog. What happens is folks spend the plastic and then go bankrupt. If greenie drops the rate it would only encourge more plastic spending. Guys where I work are chomping at the bit for a lower interest rate as we are rumored to get a raise soon. "Boy, do I want that new Ford Dualy truck" It's only 36K....give me a break!!!!! A rate drop would help some as far as the market goes I think, but, Over spending is over spending and that is one of Greenie's main ticks. If he sees too much spending on a weaker dollar he will go the other way on us....we do not need that. Ken

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