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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: gao seng who wrote (96584)	11/30/2000 11:34:45 PM
From: Perry Ganz	Read Replies (1) \| Respond to of 769667

Do you work in big steel industry Perry

To: gao seng who wrote (96584)	12/1/2000 3:10:27 AM
From: DOUG H	Respond to of 769667

You said: Fed eases rates till individuals step to the plate to create business oppurtunity. Would you agree that the lower the rates go the more business oppurtinuts are created? Yes, the price of capital is a large determinant in creating new ventures but it is only one of them. The Fed lowers rates in an attempt to provide incentive for the private sector to for business investment. My views are skewed by my experience. Most folks have never sat in front of a stack of bank loan docs, one of which is a personal guarantee to the bank which pledges all your personal assets as collateral for a business loan.