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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (42400)	9/22/2001 8:36:41 AM
From: Vendit™	Read Replies (1) \| Respond to of 65232

We are in agreement. :-) FYI, the feds have very recently adopted new stricter lending/credit rules, which all banks have to adhere to involving the loans that they have on the books or face stiff penalties. All borrowers have to meet specific criteria in order to get a loan for anything. What does this mean???? It means that a couple of months ago the feds realized that our economy was too soft and the possibility of recession was real so they have "tightened our money supply". The objective from a banker’s standpoint now is to clean out high-risk loans and not take on additional high-risk loans. Small businesses will suffer and you will probably see the rate of both personal as well as business chapter 13 filings move up over the next 24 months. Based on that information alone I will say what I have always said, “nobody can pick long term a bottom”.