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To: russwinter who wrote (67422)4/9/2001 2:56:11 PM
From: B.REVERE  Read Replies (2) | Respond to of 116762
 
You are assuming interest rates will be rising in the near term.(6 mo.-year) I don't agree. The cb's will keep on lowering even if wage pressures increase. They have no choice but to defend the global economy at the expense of
devaluing all currencies. In the longer term, I agree that bonds will not be the safe haven status given the increasing defaults yet to be seen.

Later,