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To: michel ciambra who wrote (25990)10/18/2000 11:42:15 AM
From: LLCF  Read Replies (1) | Respond to of 27307
 
<My statement on the economy and the fact that the picture is rosy is not unsupported by all analysts.>

Well, fire away... who's saying this:

"Add to that a productivity picture that is still bright, a GDP that will still be in excess of 4% and little or no inflation."-

< There are many who even say that the Fed has over tightened, argueing that the risks of a litle inflation are nothing compared to the socio economic benefits of full employment and the birth of the technology revolution beingborn on these shores.>

No one refuted that.

< However, world interest rates are dictated by the government bond markets, not the corporate ones.>

These rates are not available to borrowers, as I stated. The whole point is that lowered rates by governments doesn't help borrowers if it simply creates wider credit spreads.

<The vast majority can still borrow money at Libor or better.>

That is falacous... got links?

DAK