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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (4548)	8/31/2001 8:39:33 AM
From: hugh thorne	Read Replies (3) \| Respond to of 33421

Given their near zero interest rate regime, they have at least ameliorated the effects of accruing compounding interest on all these loans for the last 15 or 16 years. I don't know how they account for these transactions over there, but assuming a 2% rate over the period, $1000 would now only be about $1350. I would bet however that the real property index has expanded at an even lower rate, thus making the whole loan issue worse now than it was at the begining of the last decade.

To: John Pitera who wrote (4548)	8/31/2001 8:41:27 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Fed Calendar Date Time Location Event Aug 31 10:00 Jackson Hole, WY Fed Chair Greenspan opens Fed symposium Aug 31 13:00 Jackson Hole, WY Fed Vice Chair Ferguson at Fed symposium Sep 05 19:00 Illinios StL Fed Pres Poole (voter) at Bradley U. Sep 07 14:45 Utah SF Fed Pres Parry (non-voter) on economy Sep 10 09:30 NY Phillidelphia Fed Pres Santomero (non-voter) at NABE conf Sep 10 09:30 NY St Louis Fed Pres Poole (voter) at NABE conf Sep 10 13:15 Kansas KC Fed Pres Hoenig (voter) at conference Sep 13 13:30 Atlanta Fed Chair Greenspan at ceremony Sep 19 12:45 Charlotte, NC Atlanta Fed Pres Guynn (non-voter) to econ club Sep 19 14:00 DC Beige Book Sep 20 Indiana StL Fed Pres Poole (voter) on risk management Oct 02 14:15 DC FOMC Policy Announcement Oct 03 19:00 NY Fed Vice Chair McDonough at BMA dinner Oct 04 14:00 DC FOMC Minutes released Oct 04 14:30 Chicago Chicago Fed Pres Moskow (voter) on asset bubbles Oct 06 11:20 Chicago Fed Gov Meyer on asset bubbles Oct 11 St. Louis Fed Chair Greenspan opens conf Oct 12 09:45 St. Louis StL Fed Pres Poole on markets and policy Oct 16 NY Fed Vice Chair Ferguson at BMA conf Oct 24 14:00 DC Beige Book Nov 06 14:15 DC FOMC Policy Announcement Nov 08 14:00 DC FOMC Minutes released Nov 28 14:00 DC Beige Book Dec 11 14:15 DC FOMC Policy Announcement Dec 13 14:00 DC FOMC Minutes released