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To: Dave-in-MarinCa who wrote (12124)8/18/2000 12:52:52 PM
From: pater tenebrarum  Respond to of 436258
 
yes, i saw this article...and i agree with the observation that letting up on rate increases now, means to invite even bigger increases later, as the imbalances continue to grow. unless a recession comes first of course...



To: Dave-in-MarinCa who wrote (12124)8/18/2000 12:57:57 PM
From: Les H  Respond to of 436258
 
Rates are going up after the election since the economy is entering a seasonal reacceleration. From 5.5 percent, it's not far to get to 7 or 8 percent in the fourth quarter. They crow about retail sales being down but the 2nd and 3rd quarter is usually inventory rebuilding. Retail sales will likely come back. A cold, wet weather may be bad for summer clothing sales, but is good for sales of fall and winter clothing.


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