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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (1916)	7/2/1999 9:37:00 AM
From: Paul Berliner	Read Replies (3) \| Respond to of 3536

Guests including Lawrence Kudlow on CNBC this morning were up to their usual 'U.S. rates are way too high' shpeal, advising investors to buy zero coupon bonds because long rates will fall back to five percent soon. However, if you read the recent filings of any mortgage/title insurer, mortgage broker or anyone else in that biz, you will learn that the real 'pros' are betting on rates to continue their ascent. I don't usually watch CNBC, but I was on line getting a bagel & lox and they had a monitor (sign of the times, 'eh?). Anyway, I embarrassed myself while waiting on line as I laughed loudly when Kudlow said that the Euro is becoming a 3rd world currency. Other patrons were not as amused.