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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (63404)	6/29/1999 9:14:00 AM
From: Freedom Fighter	Respond to of 132070

PC, >>What makes anyone think that a .25 or .50 or even a .75 increase is going to change spending habits of consumers abruptly? << I don't really believe in formulas when it comes to the economy. It's all about human action that is variable. So I'm sort of with you. On the other hand I believe in common sense and self-interest. So I suspect that a lot of business investment, home purchases, etc... that makes sense and are viable won't be it rates rise .75. I think .25 is almost a non event unless the bubble is even bigger than I think and the position of the borrowers is even worse than I think. No matter we're not getting any more than .25 at a time. Wayne