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To: Hawkmoon who wrote (52718)5/14/2000 6:19:00 PM
From: LLCF  Read Replies (2) | Respond to of 116764
 
<I guess I could see that perspective, but then again when we have interest rates at 6%, and banks are charging 2-3% more than that to actual recipients of consumer loans, the real rate is 7-9% above the recognized rate of inflation>

Woa cowboy... the CPI was up 8% on an annualized basis over the past 2 months. Do you lobby for someone??

DAK



To: Hawkmoon who wrote (52718)5/14/2000 8:09:00 PM
From: Don Lloyd  Respond to of 116764
 
Ron -

[...Raising interest rates is tantamount to raising the price of drinks, and impacts everyone, the credit abusers as well as those who are conscientious about their savings...]

The FED is extremely limited as to what it can do. It has a single size of hammer, no screwdriver, or laser cutter. The FED knows that not everything is a nail, but the result is the same.

Regards, Don


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