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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Shtirlitz who wrote (52391)	6/28/2001 7:19:46 AM
From: GROUND ZERO™	Respond to of 94695

>>Could you please explain the mechanism of how the rate cut is exactly working ?<< Hey, do I look like Greenspam? members.aol.com I'm a lemming just like you, I don't have a clue... all I know is, historically, these rate cuts have generally taken effect after about six months, so we'll see... members.home.net So, you're guess is as good as mine.....<g> And you're right about the rate cut effecting your savings account, but I don't think Greenspam really cares about your savings account, only his savings account and his butt... remember, his mission is to keep the great unwashed poor from making any money in these markets, that's all... beyond that he doesn't give a rat's ass about anything... we certainly don't need an interest rate czar in a Democratic society, do we? If you ask me, I think the Federal Reserve Act should be repealed and the Federal Reserve Bank be disassembled.....BWDIK I also agree about the NAZ chart, it does look wild, but there's got to be some order in all this nonsense, wouldn't you think? GZ

To: Shtirlitz who wrote (52391)	6/28/2001 10:49:44 AM
From: John Carson	Respond to of 94695

Shtirlitz, One way rate cut could work is on credit lines tied to the prime rate. I have six figure revolving credit line with my bank that has adjustable interest rate pegged to the prime rate, actually 1/2% above prime rate. In last two months my interest rate has come down 1.5% on loans I have used to buy real estate in the last three months. I know I am not going to affect the economy but maybe one or two million people like me might. It is a start anyway. The key is the prime rate, commercial banks base their lending rates to companies on that. The prime rate usually follows very closely federal funds rate, there is always about a 300 basis point difference between the two. Have not checked since yesterday, but it prime is probably 6.75% right now, so now I am paying 7.25% interest on my real estate holdings. Oh yea! I will become Donald Trump Jr. if this keeps up.