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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (69516)	2/18/2001 11:30:26 PM
From: Sweet Ol	Read Replies (2) \| Respond to of 99985

Unfortunately, interest rates on most consumer debt will not respond to rate cuts, or will do so very slowly. Credit card debt will stay at 18-21% nearly forever and car loans are fixed rate. Most mortgages must be refinanced. Only commercial loans are floating rate, and some of them are fixed. So, I suspect that rate cuts take longer to have an impact on the market than rate hikes, which take 6-12 months. Best to all and good night. John